iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM – Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 364 shares, a decline of 62.0% from the April 30th total of 958 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 668 shares, the short-interest ratio is presently 0.5 days.
iShares ESG MSCI EM Leaders ETF Stock Performance
Shares of NASDAQ:LDEM traded up $0.02 during midday trading on Friday, hitting $61.99. 1,027 shares of the stock were exchanged, compared to its average volume of 2,519. The stock has a market capitalization of $34.09 million, a price-to-earnings ratio of 14.34 and a beta of 0.66. The business’s 50-day moving average price is $60.68 and its 200 day moving average price is $60.44. iShares ESG MSCI EM Leaders ETF has a 12 month low of $50.60 and a 12 month high of $64.73.
Institutional Trading of iShares ESG MSCI EM Leaders ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Morling Financial Advisors LLC bought a new stake in shares of iShares ESG MSCI EM Leaders ETF during the fourth quarter worth about $27,000. Farther Finance Advisors LLC grew its stake in shares of iShares ESG MSCI EM Leaders ETF by 297.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock worth $179,000 after purchasing an additional 2,307 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares ESG MSCI EM Leaders ETF in the third quarter worth $212,000. Pathfinder Wealth Consulting Inc. bought a new stake in shares of iShares ESG MSCI EM Leaders ETF in the fourth quarter worth $276,000. Finally, Jane Street Group LLC grew its stake in shares of iShares ESG MSCI EM Leaders ETF by 12.0% in the fourth quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after purchasing an additional 625 shares during the last quarter.
About iShares ESG MSCI EM Leaders ETF
The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.
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