iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Significant Growth in Short Interest

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 469,399 shares, a growth of 1,296.9% from the January 29th total of 33,603 shares. Based on an average trading volume of 114,940 shares, the short-interest ratio is currently 4.1 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 114,940 shares, the short-interest ratio is currently 4.1 days.

iShares Core MSCI Pacific ETF Stock Performance

Shares of NYSEARCA IPAC traded up $0.96 during mid-day trading on Wednesday, hitting $83.39. The stock had a trading volume of 176,389 shares, compared to its average volume of 122,394. The firm has a market cap of $2.50 billion, a PE ratio of 15.73 and a beta of 0.72. The company has a 50 day moving average of $77.35 and a two-hundred day moving average of $75.05. iShares Core MSCI Pacific ETF has a twelve month low of $54.90 and a twelve month high of $83.98.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings in iShares Core MSCI Pacific ETF by 22.3% in the second quarter. Bessemer Group Inc. now owns 206,182 shares of the company’s stock valued at $14,165,000 after purchasing an additional 37,543 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in iShares Core MSCI Pacific ETF during the second quarter worth approximately $4,074,000. Perigon Wealth Management LLC lifted its position in shares of iShares Core MSCI Pacific ETF by 148.2% during the 3rd quarter. Perigon Wealth Management LLC now owns 69,878 shares of the company’s stock valued at $5,131,000 after buying an additional 41,720 shares in the last quarter. Smithfield Trust Co lifted its holdings in iShares Core MSCI Pacific ETF by 12.0% during the second quarter. Smithfield Trust Co now owns 352,399 shares of the company’s stock valued at $24,207,000 after purchasing an additional 37,759 shares in the last quarter. Finally, LVZ Inc. purchased a new position in iShares Core MSCI Pacific ETF in the 3rd quarter valued at about $1,184,000.

About iShares Core MSCI Pacific ETF

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.