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

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 165,441 shares, a growth of 77.4% from the May 31st total of 93,275 shares. Based on an average trading volume of 117,605 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the company’s stock are sold short.

iShares Core MSCI Pacific ETF Stock Performance

Shares of NYSEARCA:IPAC opened at $81.79 on Thursday. The firm has a market capitalization of $2.58 billion, a P/E ratio of 15.73 and a beta of 0.70. The stock has a 50 day moving average price of $81.78 and a 200-day moving average price of $79.17. iShares Core MSCI Pacific ETF has a 52-week low of $66.71 and a 52-week high of $84.63.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its position in shares of iShares Core MSCI Pacific ETF by 3.7% in the 4th quarter. Kestra Advisory Services LLC now owns 3,788 shares of the company’s stock worth $277,000 after buying an additional 134 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in iShares Core MSCI Pacific ETF by 1.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,521 shares of the company’s stock valued at $551,000 after acquiring an additional 138 shares during the period. Element Wealth LLC lifted its position in iShares Core MSCI Pacific ETF by 2.1% during the 4th quarter. Element Wealth LLC now owns 9,061 shares of the company’s stock valued at $663,000 after acquiring an additional 183 shares during the period. Commonwealth Equity Services LLC lifted its position in iShares Core MSCI Pacific ETF by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,907 shares of the company’s stock valued at $799,000 after acquiring an additional 202 shares during the period. Finally, Private Advisor Group LLC boosted its stake in iShares Core MSCI Pacific ETF by 5.5% during the first quarter. Private Advisor Group LLC now owns 4,716 shares of the company’s stock worth $361,000 after acquiring an additional 247 shares in the last quarter.

iShares Core MSCI Pacific ETF Company Profile

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.