Short Interest in iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Declines By 33.9%

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,604,196 shares, a decrease of 33.9% from the February 26th total of 2,427,938 shares. Based on an average daily trading volume, of 2,276,272 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.2% of the shares of the company are short sold.

iShares ESG Aware MSCI EM ETF Price Performance

ESGE traded down $0.23 during trading on Friday, reaching $44.21. 1,610,142 shares of the company’s stock were exchanged, compared to its average volume of 1,404,396. iShares ESG Aware MSCI EM ETF has a 1 year low of $30.57 and a 1 year high of $50.99. The company’s fifty day simple moving average is $47.64 and its 200-day simple moving average is $45.35. The stock has a market capitalization of $5.80 billion, a P/E ratio of 14.52 and a beta of 0.66.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ESGE. JPMorgan Chase & Co. lifted its position in iShares ESG Aware MSCI EM ETF by 1.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,397,214 shares of the company’s stock valued at $105,885,000 after purchasing an additional 32,903 shares during the period. Acorns Advisers LLC grew its position in iShares ESG Aware MSCI EM ETF by 1.4% during the 4th quarter. Acorns Advisers LLC now owns 1,248,070 shares of the company’s stock worth $55,127,000 after purchasing an additional 16,959 shares during the period. Flow Traders U.S. LLC raised its stake in shares of iShares ESG Aware MSCI EM ETF by 188.5% during the 2nd quarter. Flow Traders U.S. LLC now owns 327,848 shares of the company’s stock valued at $12,842,000 after buying an additional 214,210 shares during the last quarter. DRW Securities LLC acquired a new position in shares of iShares ESG Aware MSCI EM ETF in the 4th quarter valued at about $8,495,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of iShares ESG Aware MSCI EM ETF by 24.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 117,559 shares of the company’s stock valued at $5,193,000 after buying an additional 23,109 shares during the period.

About iShares ESG Aware MSCI EM ETF

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.