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

by · The Cerbat Gem

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 544,029 shares, a decrease of 41.2% from the August 15th total of 924,602 shares. Based on an average trading volume of 1,968,988 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

iShares Core MSCI International Developed Markets ETF Trading Down 0.4%

NYSEARCA:IDEV traded down $0.32 during midday trading on Wednesday, reaching $90.52. The company had a trading volume of 2,104,282 shares, compared to its average volume of 1,944,111. The firm has a market capitalization of $31.73 billion, a price-to-earnings ratio of 16.62 and a beta of 0.80. The stock’s fifty day simple moving average is $91.46 and its 200-day simple moving average is $88.97. iShares Core MSCI International Developed Markets ETF has a 12-month low of $78.10 and a 12-month high of $93.86.

Hedge Funds Weigh In On iShares Core MSCI International Developed Markets ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IDEV. Resolute Advisors LLC grew its position in shares of iShares Core MSCI International Developed Markets ETF by 1.5% during the second quarter. Resolute Advisors LLC now owns 36,603 shares of the company’s stock worth $3,258,000 after buying an additional 541 shares in the last quarter. Greenleaf Trust purchased a new position in iShares Core MSCI International Developed Markets ETF in the second quarter worth approximately $326,000. MJT & Associates Financial Advisory Group Inc. lifted its stake in iShares Core MSCI International Developed Markets ETF by 4.1% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 65,560 shares of the company’s stock worth $5,835,000 after acquiring an additional 2,583 shares during the last quarter. Wealthquest Corp grew its holdings in iShares Core MSCI International Developed Markets ETF by 12.9% during the 1st quarter. Wealthquest Corp now owns 152,289 shares of the company’s stock worth $12,727,000 after acquiring an additional 17,449 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in iShares Core MSCI International Developed Markets ETF by 17.6% during the 1st quarter. Parallel Advisors LLC now owns 12,868 shares of the company’s stock worth $1,075,000 after acquiring an additional 1,929 shares in the last quarter.

iShares Core MSCI International Developed Markets ETF Company Profile

(Get Free Report)

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.

Further Reading