iShares Inc. (IEMG) Short Interest Up 228.9% in January
iShares Inc. (NYSEARCA:IEMG) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,016,632 shares, an increase of 228.9% from the January 12th total of 1,829,462 shares. Based on an average trading volume of 10,632,915 shares, the days-to-cover ratio is currently 0.6 days.
iShares (IEMG) traded up $1.38 during trading on Wednesday, hitting $58.77. The company had a trading volume of 13,114,331 shares, compared to its average volume of 13,432,370. iShares has a one year low of $45.45 and a one year high of $62.70.
Institutional investors have recently bought and sold shares of the stock. Trustcore Financial Services LLC acquired a new position in shares of iShares in the fourth quarter worth approximately $103,000. Capital Advisors Ltd. LLC acquired a new position in iShares in the fourth quarter valued at approximately $105,000. Avestar Capital LLC acquired a new position in iShares in the fourth quarter valued at approximately $124,000. Motco lifted its stake in iShares by 69.2% in the fourth quarter. Motco now owns 2,442 shares of the company’s stock valued at $139,000 after buying an additional 999 shares during the period. Finally, Daiwa SB Investments Ltd. lifted its stake in iShares by 108.8% in the fourth quarter. Daiwa SB Investments Ltd. now owns 2,860 shares of the company’s stock valued at $163,000 after buying an additional 1,490 shares during the period.
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