iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Sees Large Drop in Short Interest

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 818,047 shares, a drop of 37.1% from the September 15th total of 1,300,566 shares. Based on an average daily volume of 760,240 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares ESG Aware MSCI EM ETF

A number of large investors have recently added to or reduced their stakes in the company. Union Savings Bank raised its stake in shares of iShares ESG Aware MSCI EM ETF by 9.8% during the third quarter. Union Savings Bank now owns 3,836 shares of the company’s stock valued at $208,000 after acquiring an additional 343 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of iShares ESG Aware MSCI EM ETF by 11.0% during the third quarter. Farther Finance Advisors LLC now owns 75,793 shares of the company’s stock worth $4,105,000 after purchasing an additional 7,494 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in shares of iShares ESG Aware MSCI EM ETF in the third quarter worth about $1,437,000. American National Bank & Trust bought a new stake in shares of iShares ESG Aware MSCI EM ETF in the third quarter worth about $60,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in iShares ESG Aware MSCI EM ETF during the 3rd quarter valued at about $15,185,000.

iShares ESG Aware MSCI EM ETF Stock Down 0.6%

Shares of NASDAQ ESGE opened at $51.93 on Friday. iShares ESG Aware MSCI EM ETF has a 52 week low of $42.47 and a 52 week high of $57.11. The firm’s fifty day moving average is $54.10 and its 200 day moving average is $52.75. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 14.52 and a beta of 0.76.

About iShares ESG Aware MSCI EM ETF

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market. ESGE was launched on Jun 28, 2016 and is managed by BlackRock.