Short Interest in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Expands By 73.6%

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,290,500 shares, an increase of 73.6% from the August 15th total of 743,177 shares. Based on an average daily trading volume, of 1,708,826 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SkyView Investment Advisors LLC bought a new position in iShares MSCI Emerging Markets ex China ETF in the 2nd quarter valued at approximately $512,000. SVB Wealth LLC acquired a new position in iShares MSCI Emerging Markets ex China ETF in the 2nd quarter valued at approximately $256,000. Compass Financial Management LLC acquired a new position in iShares MSCI Emerging Markets ex China ETF in the 2nd quarter valued at approximately $619,000. First PREMIER Bank raised its stake in shares of iShares MSCI Emerging Markets ex China ETF by 91.3% during the second quarter. First PREMIER Bank now owns 5,420 shares of the company’s stock valued at $555,000 after acquiring an additional 2,587 shares during the last quarter. Finally, Oarsman Capital Inc. raised its stake in shares of iShares MSCI Emerging Markets ex China ETF by 2.3% during the second quarter. Oarsman Capital Inc. now owns 166,320 shares of the company’s stock valued at $17,015,000 after acquiring an additional 3,813 shares during the last quarter.

iShares MSCI Emerging Markets ex China ETF Stock Up 2.2%

Shares of NASDAQ EMXC traded up $2.18 during midday trading on Thursday, reaching $99.32. 1,238,875 shares of the company were exchanged, compared to its average volume of 3,014,518. The stock has a market cap of $24.85 billion, a P/E ratio of 15.28 and a beta of 0.90. iShares MSCI Emerging Markets ex China ETF has a one year low of $66.62 and a one year high of $107.12. The stock’s 50-day moving average price is $96.04 and its 200-day moving average price is $92.80.

About iShares MSCI Emerging Markets ex China ETF

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.