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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 274,607 shares, a growth of 712.9% from the October 15th total of 33,783 shares. Based on an average daily volume of 125,524 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.8% of the shares of the stock are sold short.

iShares Core MSCI Pacific ETF Stock Down 0.5%

Shares of iShares Core MSCI Pacific ETF stock traded down $0.44 on Thursday, hitting $81.75. 73,188 shares of the company were exchanged, compared to its average volume of 119,590. The company has a 50-day moving average price of $84.44 and a 200 day moving average price of $82.12. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 16.46 and a beta of 0.76. iShares Core MSCI Pacific ETF has a 1-year low of $71.46 and a 1-year high of $87.31.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IPAC. Mather Group LLC. acquired a new position in iShares Core MSCI Pacific ETF during the third quarter worth $56,388,000. Bessemer Group Inc. grew its holdings in iShares Core MSCI Pacific ETF by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 428,615 shares of the company’s stock valued at $32,794,000 after buying an additional 43,407 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of iShares Core MSCI Pacific ETF by 1.1% in the 1st quarter. Cetera Investment Advisers now owns 403,499 shares of the company’s stock worth $30,872,000 after acquiring an additional 4,316 shares during the last quarter. Mandatum Life Insurance Co Ltd increased its stake in shares of iShares Core MSCI Pacific ETF by 8.8% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 230,602 shares of the company’s stock worth $17,643,000 after acquiring an additional 18,679 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of iShares Core MSCI Pacific ETF in the 3rd quarter worth $19,165,000.

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.