Short Interest in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Drops By 32.0%

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,711,463 shares, a drop of 32.0% from the February 26th total of 5,455,355 shares. Based on an average daily volume of 25,049,258 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

iShares Core MSCI Emerging Markets ETF Price Performance

NYSEARCA:IEMG traded down $0.54 during mid-day trading on Monday, hitting $67.32. The company’s stock had a trading volume of 16,070,255 shares, compared to its average volume of 19,828,049. The business’s fifty day moving average is $72.70 and its two-hundred day moving average is $69.20. The stock has a market cap of $128.65 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a 1 year low of $47.29 and a 1 year high of $77.68.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of iShares Core MSCI Emerging Markets ETF by 10.2% in the fourth quarter. JPMorgan Chase & Co. now owns 48,001,963 shares of the company’s stock valued at $3,226,692,000 after buying an additional 4,457,585 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 30.9% during the fourth quarter. Bank of New York Mellon Corp now owns 16,085,473 shares of the company’s stock worth $1,081,266,000 after purchasing an additional 3,795,631 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in iShares Core MSCI Emerging Markets ETF by 79.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,412,345 shares of the company’s stock worth $159,022,000 after buying an additional 1,068,396 shares during the last quarter. Jabodon PT Co. acquired a new stake in iShares Core MSCI Emerging Markets ETF in the 4th quarter worth about $71,387,000. Finally, Captrust Financial Advisors increased its position in shares of iShares Core MSCI Emerging Markets ETF by 12.0% during the fourth quarter. Captrust Financial Advisors now owns 9,541,588 shares of the company’s stock worth $641,386,000 after purchasing an additional 1,021,822 shares in the last quarter.

About iShares Core MSCI Emerging Markets ETF

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.