iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Increase in Short Interest

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 93,275 shares, an increase of 620.2% from the May 14th total of 12,952 shares. Based on an average daily trading volume, of 179,446 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

iShares Core MSCI Pacific ETF Price Performance

Shares of NYSEARCA:IPAC traded up $0.46 during trading on Friday, reaching $82.49. 43,932 shares of the company’s stock traded hands, compared to its average volume of 135,953. iShares Core MSCI Pacific ETF has a 12 month low of $65.51 and a 12 month high of $83.98. The company has a 50 day moving average of $81.01 and a 200-day moving average of $78.38. The stock has a market capitalization of $2.56 billion, a P/E ratio of 15.73 and a beta of 0.70.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

A number of institutional investors have recently modified their holdings of IPAC. Blue Edge Capital LLC boosted its stake in iShares Core MSCI Pacific ETF by 13.9% during the 1st quarter. Blue Edge Capital LLC now owns 147,650 shares of the company’s stock valued at $11,297,000 after purchasing an additional 18,026 shares during the period. Bank of America Corp DE boosted its stake in iShares Core MSCI Pacific ETF by 3.6% during the 1st quarter. Bank of America Corp DE now owns 203,974 shares of the company’s stock valued at $15,606,000 after purchasing an additional 7,126 shares during the period. Quantinno Capital Management LP boosted its stake in iShares Core MSCI Pacific ETF by 12.6% during the 1st quarter. Quantinno Capital Management LP now owns 19,202 shares of the company’s stock valued at $1,469,000 after purchasing an additional 2,143 shares during the period. Gateway Wealth Partners LLC acquired a new position in iShares Core MSCI Pacific ETF during the 1st quarter valued at about $463,000. Finally, Cetera Investment Advisers boosted its stake in iShares Core MSCI Pacific ETF by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 403,499 shares of the company’s stock valued at $30,872,000 after purchasing an additional 4,316 shares during the period.

About iShares Core MSCI Pacific ETF

The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.