Short Interest in iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Drops By 62.0%

by · The Cerbat Gem

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM – Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 364 shares, a decline of 62.0% from the April 30th total of 958 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 668 shares, the short-interest ratio is presently 0.5 days.

iShares ESG MSCI EM Leaders ETF Stock Performance

Shares of NASDAQ:LDEM traded up $0.02 during midday trading on Friday, hitting $61.99. 1,027 shares of the stock were exchanged, compared to its average volume of 2,519. The stock has a market capitalization of $34.09 million, a price-to-earnings ratio of 14.34 and a beta of 0.66. The business’s 50-day moving average price is $60.68 and its 200 day moving average price is $60.44. iShares ESG MSCI EM Leaders ETF has a 12 month low of $50.60 and a 12 month high of $64.73.

Institutional Trading of iShares ESG MSCI EM Leaders ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morling Financial Advisors LLC bought a new stake in shares of iShares ESG MSCI EM Leaders ETF during the fourth quarter worth about $27,000. Farther Finance Advisors LLC grew its stake in shares of iShares ESG MSCI EM Leaders ETF by 297.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock worth $179,000 after purchasing an additional 2,307 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares ESG MSCI EM Leaders ETF in the third quarter worth $212,000. Pathfinder Wealth Consulting Inc. bought a new stake in shares of iShares ESG MSCI EM Leaders ETF in the fourth quarter worth $276,000. Finally, Jane Street Group LLC grew its stake in shares of iShares ESG MSCI EM Leaders ETF by 12.0% in the fourth quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after purchasing an additional 625 shares during the last quarter.

About iShares ESG MSCI EM Leaders ETF

(Get Free Report)

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.

See Also