iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) Sees Large Drop in Short Interest

iShares J.P. Morgan EM Corporate Bond ETF (BATS:CEMB) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 51,245 shares, a drop of 72.7% from the July 30th total of 187,712 shares. Based on an average daily volume of 41,037 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the company’s stock are sold short.

iShares J.P. Morgan EM Corporate Bond ETF Stock Performance

Shares of CEMB stock opened at $45.34 on Friday. The firm has a fifty day simple moving average of $45.37 and a two-hundred day simple moving average of $45.58. iShares J.P. Morgan EM Corporate Bond ETF has a 12 month low of $44.92 and a 12 month high of $46.50.

Hedge Funds Weigh In On iShares J.P. Morgan EM Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp lifted its holdings in shares of iShares J.P. Morgan EM Corporate Bond ETF by 10.0% in the fourth quarter. J.Safra Asset Management Corp now owns 3,056 shares of the company’s stock valued at $140,000 after purchasing an additional 278 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in iShares J.P. Morgan EM Corporate Bond ETF by 169.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,008 shares of the company’s stock valued at $46,000 after acquiring an additional 634 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares J.P. Morgan EM Corporate Bond ETF by 30.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 25,550 shares of the company’s stock worth $1,181,000 after acquiring an additional 5,932 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares J.P. Morgan EM Corporate Bond ETF by 128.2% during the 1st quarter. Bank of New York Mellon Corp now owns 13,192 shares of the company’s stock worth $597,000 after acquiring an additional 7,410 shares during the last quarter. Finally, Stronghold Wealth Management L.L.C. bought a new stake in shares of iShares J.P. Morgan EM Corporate Bond ETF in the 4th quarter worth $589,000.

About iShares J.P. Morgan EM Corporate Bond ETF

The iShares J.P. Morgan EM Corporate Bond ETF (CEMB) is an exchange-traded fund that is based on the JP Morgan CEMBI Broad Diversified index. The fund tracks an index of US-dollar-denominated bonds issued by corporations based in emerging markets. CEMB was launched on Apr 17, 2012 and is managed by BlackRock.