iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Stock Short Interest Declines 39.8%

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 187,113 shares, a decrease of 39.8% from the August 31st total of 311,048 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 127,271 shares, the days-to-cover ratio is presently 1.5 days.

iShares Emerging Markets Equity Factor ETF Stock Performance

iShares Emerging Markets Equity Factor ETF stock opened at $72.10 on Wednesday. The company has a market cap of $1.27 billion, a P/E ratio of 13.32 and a beta of 0.59. iShares Emerging Markets Equity Factor ETF has a one year low of $54.88 and a one year high of $76.58. The business has a fifty day moving average of $71.03 and a two-hundred day moving average of $69.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of iShares Emerging Markets Equity Factor ETF by 38.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $97,000 after acquiring an additional 445 shares in the last quarter. Worth Asset Management LLC increased its stake in iShares Emerging Markets Equity Factor ETF by 7.8% in the 2nd quarter. Worth Asset Management LLC now owns 9,028 shares of the company’s stock valued at $661,000 after purchasing an additional 650 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new position in iShares Emerging Markets Equity Factor ETF in the 2nd quarter valued at approximately $203,000. First Citizens Financial Corp raised its holdings in iShares Emerging Markets Equity Factor ETF by 13.7% during the second quarter. First Citizens Financial Corp now owns 25,985 shares of the company’s stock worth $1,904,000 after purchasing an additional 3,129 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new position in iShares Emerging Markets Equity Factor ETF during the second quarter worth $1,666,000.

iShares Emerging Markets Equity Factor ETF Company Profile

The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.