iShares Core MSCI Pacific ETF (NYSEARCA:IPAC – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 23,781 shares, a growth of 229.4% from the September 15th total of 7,219 shares. Based on an average daily volume of 66,131 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.
Hedge Funds Weigh In On iShares Core MSCI Pacific ETF
Several institutional investors and hedge funds have recently made changes to their positions in IPAC. Valley Wealth Managers Inc. acquired a new position in shares of iShares Core MSCI Pacific ETF in the third quarter valued at approximately $11,934,000. ES4 LLC acquired a new stake in shares of iShares Core MSCI Pacific ETF during the fourth quarter worth $3,742,000. Bessemer Group Inc. raised its holdings in shares of iShares Core MSCI Pacific ETF by 11.3% during the first quarter. Bessemer Group Inc. now owns 428,615 shares of the company’s stock worth $32,794,000 after acquiring an additional 43,407 shares during the period. Rockefeller Capital Management L.P. lifted its position in iShares Core MSCI Pacific ETF by 460.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,200 shares of the company’s stock valued at $3,236,000 after acquiring an additional 36,315 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in iShares Core MSCI Pacific ETF in the 4th quarter valued at $1,696,000.
iShares Core MSCI Pacific ETF Stock Performance
NYSEARCA:IPAC traded down $0.32 during trading hours on Monday, hitting $84.94. The stock had a trading volume of 58,700 shares, compared to its average volume of 117,078. The business’s 50 day moving average is $85.52 and its 200-day moving average is $82.68. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 15.73 and a beta of 0.73. iShares Core MSCI Pacific ETF has a one year low of $71.46 and a one year high of $87.31.
iShares Core MSCI Pacific ETF Company Profile
The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.
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