iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Stock Short Interest Jumps 48.2%

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,912,612 shares, an increase of 48.2% from the August 31st total of 1,290,500 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 1,553,238 shares, the days-to-cover ratio is presently 1.2 days.

iShares MSCI Emerging Markets ex China ETF Trading Down 0.5%

NASDAQ EMXC traded down $0.50 on Thursday, hitting $98.58. 570,389 shares of the company traded hands, compared to its average volume of 2,950,807. The business’s 50 day moving average price is $97.16 and its 200-day moving average price is $94.10. iShares MSCI Emerging Markets ex China ETF has a 52-week low of $67.01 and a 52-week high of $107.12. The company has a market capitalization of $25.25 billion, a price-to-earnings ratio of 15.28 and a beta of 0.90.

Institutional Trading of iShares MSCI Emerging Markets ex China ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sankala Group LLC bought a new position in shares of iShares MSCI Emerging Markets ex China ETF during the 4th quarter valued at about $27,000. Emprise Bank purchased a new stake in shares of iShares MSCI Emerging Markets ex China ETF in the second quarter worth about $214,000. SVB Wealth LLC bought a new position in iShares MSCI Emerging Markets ex China ETF during the second quarter valued at approximately $256,000. Mainstream Capital Management LLC purchased a new position in iShares MSCI Emerging Markets ex China ETF during the 1st quarter valued at approximately $205,000. Finally, Osprey Private Wealth LLC purchased a new position in iShares MSCI Emerging Markets ex China ETF during the 1st quarter valued at approximately $246,000.

iShares MSCI Emerging Markets ex China ETF Company Profile

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.