iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Sees Large Decrease in Short Interest

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,911,948 shares, a drop of 45.3% from the June 30th total of 3,493,541 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 1,862,637 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of iShares Core MSCI International Developed Markets ETF

A number of hedge funds have recently bought and sold shares of IDEV. Brown Brothers Harriman & Co. increased its holdings in shares of iShares Core MSCI International Developed Markets ETF by 11,466.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $28,000 after acquiring an additional 344 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in iShares Core MSCI International Developed Markets ETF during the fourth quarter valued at about $30,000. Creative Capital Management Investments LLC purchased a new position in iShares Core MSCI International Developed Markets ETF in the first quarter valued at about $32,000. Main Street Group LTD purchased a new position in iShares Core MSCI International Developed Markets ETF in the first quarter valued at about $37,000. Finally, Archer Investment Corp raised its holdings in iShares Core MSCI International Developed Markets ETF by 14.0% in the fourth quarter. Archer Investment Corp now owns 972 shares of the company’s stock worth $80,000 after purchasing an additional 119 shares in the last quarter.

iShares Core MSCI International Developed Markets ETF Trading Up 2.5%

Shares of IDEV traded up $2.26 during mid-day trading on Thursday, hitting $91.15. The company’s stock had a trading volume of 1,063,707 shares, compared to its average volume of 1,980,498. The company’s 50-day moving average is $89.38 and its 200-day moving average is $87.79. iShares Core MSCI International Developed Markets ETF has a 52-week low of $74.21 and a 52-week high of $91.21. The firm has a market capitalization of $31.88 billion, a price-to-earnings ratio of 16.62 and a beta of 0.79.

iShares Core MSCI International Developed Markets ETF Company Profile

The iShares Core MSCI International Developed Markets ETF (IDEV) is an exchange-traded fund that is based on the MSCI World ex USA IMI index, a market-cap-weighted index of large-, mid, and small-cap stocks from developed countries, excluding the US. IDEV was launched on Mar 21, 2017 and is managed by BlackRock.