Short Interest in iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Increases By 443.4%

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 317,649 shares, a growth of 443.4% from the April 30th total of 58,453 shares. Based on an average daily trading volume, of 134,654 shares, the short-interest ratio is presently 2.4 days. Approximately 1.8% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of iShares Emerging Markets Equity Factor ETF by 19.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,364,071 shares of the company’s stock worth $190,339,000 after buying an additional 555,561 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares Emerging Markets Equity Factor ETF by 50.8% in the third quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock worth $46,484,000 after acquiring an additional 276,482 shares in the last quarter. Farther Finance Advisors LLC grew its position in iShares Emerging Markets Equity Factor ETF by 10.5% during the 4th quarter. Farther Finance Advisors LLC now owns 80,070 shares of the company’s stock valued at $4,632,000 after purchasing an additional 7,593 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of iShares Emerging Markets Equity Factor ETF by 13.0% during the second quarter. Captrust Financial Advisors now owns 40,720 shares of the company’s stock valued at $2,120,000 after buying an additional 4,686 shares during the last quarter. Finally, Kickstand Ventures LLC. lifted its position in iShares Emerging Markets Equity Factor ETF by 0.7% in the 4th quarter. Kickstand Ventures LLC. now owns 22,519 shares of the company’s stock valued at $1,303,000 after acquiring an additional 158 shares in the last quarter.

iShares Emerging Markets Equity Factor ETF Trading Up 0.5%

Shares of EMGF stock traded up $0.37 during midday trading on Friday, reaching $74.11. 7,894 shares of the stock were exchanged, compared to its average volume of 151,023. iShares Emerging Markets Equity Factor ETF has a 1 year low of $49.11 and a 1 year high of $74.23. The firm has a market cap of $1.30 billion, a PE ratio of 13.32 and a beta of 0.59. The company’s 50 day moving average is $66.44 and its two-hundred day moving average is $62.66.

About iShares Emerging Markets Equity Factor ETF

The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.