iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Shares Shorted: Short Interest Up 258.0% in October

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 8,084,563 shares, an increase of 258.0% from the October 15th total of 2,258,273 shares. Based on an average trading volume of 13,799,784 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Aventus Investment Advisors Inc. boosted its holdings in iShares Core MSCI Emerging Markets ETF by 0.5% during the 3rd quarter. Aventus Investment Advisors Inc. now owns 27,741 shares of the company’s stock valued at $2,251,000 after acquiring an additional 126 shares during the period. Finley Financial LLC boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 0.7% in the third quarter. Finley Financial LLC now owns 21,856 shares of the company’s stock valued at $1,775,000 after purchasing an additional 150 shares during the period. First County Bank CT boosted its stake in shares of iShares Core MSCI Emerging Markets ETF by 3.1% in the third quarter. First County Bank CT now owns 5,070 shares of the company’s stock valued at $411,000 after purchasing an additional 152 shares during the period. American National Bank & Trust grew its holdings in shares of iShares Core MSCI Emerging Markets ETF by 2.8% in the third quarter. American National Bank & Trust now owns 6,646 shares of the company’s stock valued at $539,000 after purchasing an additional 179 shares in the last quarter. Finally, City Holding Co. grew its holdings in shares of iShares Core MSCI Emerging Markets ETF by 2.4% in the second quarter. City Holding Co. now owns 7,830 shares of the company’s stock valued at $649,000 after purchasing an additional 180 shares in the last quarter.

iShares Core MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:IEMG traded down $1.08 during mid-day trading on Thursday, reaching $74.39. 10,095,733 shares of the company were exchanged, compared to its average volume of 14,357,774. The firm has a market cap of $146.55 billion, a price-to-earnings ratio of 12.44 and a beta of 0.77. The firm’s 50-day simple moving average is $79.26 and its 200 day simple moving average is $78.00. iShares Core MSCI Emerging Markets ETF has a 1 year low of $64.67 and a 1 year high of $86.49.

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.