iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Sees Significant Drop in Short Interest

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 5,455,355 shares, a decline of 19.2% from the February 12th total of 6,749,967 shares. Based on an average daily volume of 16,932,821 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 16,932,821 shares, the days-to-cover ratio is currently 0.3 days.

iShares Core MSCI Emerging Markets ETF Trading Down 0.3%

NYSEARCA:IEMG opened at $69.73 on Friday. The company has a 50 day simple moving average of $72.85 and a two-hundred day simple moving average of $68.62. iShares Core MSCI Emerging Markets ETF has a 12 month low of $47.29 and a 12 month high of $77.68. The company has a market cap of $133.25 billion, a PE ratio of 14.65 and a beta of 0.65.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of the business. Cornerstone Financial Management LLC purchased a new position in shares of iShares Core MSCI Emerging Markets ETF in the 4th quarter worth $25,000. Modus Advisors LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the 4th quarter valued at about $28,000. Cloud Capital Management LLC bought a new position in shares of iShares Core MSCI Emerging Markets ETF in the 3rd quarter valued at about $32,000. Hilton Head Capital Partners LLC purchased a new position in iShares Core MSCI Emerging Markets ETF in the fourth quarter worth about $35,000. Finally, Your Advocates Ltd. LLP purchased a new position in iShares Core MSCI Emerging Markets ETF in the third quarter worth about $36,000.

iShares Core MSCI Emerging Markets ETF Company Profile

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.