iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Short Interest Update
by Jessica Moore · The Cerbat GemiShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG – Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 12,123,837 shares, a decline of 46.3% from the December 15th total of 22,579,833 shares. Based on an average daily trading volume, of 11,612,411 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 11,612,411 shares, the days-to-cover ratio is presently 1.0 days.
iShares Core MSCI Emerging Markets ETF Stock Performance
Shares of IEMG stock traded down $0.26 during trading hours on Friday, hitting $70.92. 33,369,805 shares of the company were exchanged, compared to its average volume of 21,470,711. The company has a 50 day simple moving average of $67.67 and a two-hundred day simple moving average of $65.16. The firm has a market cap of $128.42 billion, a P/E ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a fifty-two week low of $47.29 and a fifty-two week high of $71.51.
Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in shares of iShares Core MSCI Emerging Markets ETF by 16.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 42,710,758 shares of the company’s stock worth $2,563,927,000 after purchasing an additional 5,997,621 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares Core MSCI Emerging Markets ETF by 36.4% in the third quarter. Bank of New York Mellon Corp now owns 12,289,842 shares of the company’s stock worth $810,146,000 after acquiring an additional 3,277,237 shares in the last quarter. Captrust Financial Advisors boosted its holdings in iShares Core MSCI Emerging Markets ETF by 4.6% in the third quarter. Captrust Financial Advisors now owns 8,519,766 shares of the company’s stock worth $561,617,000 after acquiring an additional 378,430 shares in the last quarter. Ameriprise Financial Inc. grew its stake in iShares Core MSCI Emerging Markets ETF by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 4,177,735 shares of the company’s stock valued at $275,557,000 after acquiring an additional 726,865 shares during the period. Finally, Stairway Partners LLC increased its holdings in shares of iShares Core MSCI Emerging Markets ETF by 0.9% during the third quarter. Stairway Partners LLC now owns 3,523,665 shares of the company’s stock valued at $232,280,000 after acquiring an additional 31,940 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.