Short Interest in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Rises By 415.8%

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 321,530 shares, an increase of 415.8% from the June 30th total of 62,332 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 140,890 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IPAC. Fifth Third Bancorp purchased a new stake in iShares Core MSCI Pacific ETF in the first quarter valued at $29,000. Coston McIsaac & Partners purchased a new position in shares of iShares Core MSCI Pacific ETF during the 4th quarter worth $37,000. Activest Wealth Management purchased a new position in shares of iShares Core MSCI Pacific ETF during the 4th quarter worth $44,000. CoreCap Advisors LLC increased its position in shares of iShares Core MSCI Pacific ETF by 3,825.0% during the 2nd quarter. CoreCap Advisors LLC now owns 628 shares of the company’s stock worth $51,000 after purchasing an additional 612 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of iShares Core MSCI Pacific ETF by 34.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after purchasing an additional 337 shares during the last quarter.

iShares Core MSCI Pacific ETF Stock Up 1.6%

Shares of IPAC traded up $1.28 during midday trading on Monday, reaching $82.43. The company had a trading volume of 4,215 shares, compared to its average volume of 126,850. iShares Core MSCI Pacific ETF has a 1-year low of $67.88 and a 1-year high of $84.63. The firm has a 50 day simple moving average of $82.21 and a 200-day simple moving average of $80.18. The stock has a market cap of $2.65 billion, a PE ratio of 15.73 and a beta of 0.70.

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.