iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Sees Significant Drop in Short Interest

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 596,308 shares, a decrease of 68.8% from the July 15th total of 1,911,948 shares. Based on an average daily trading volume, of 1,410,763 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

iShares Core MSCI International Developed Markets ETF Stock Performance

Shares of IDEV remained flat at $93.56 during midday trading on Friday. 759,745 shares of the company’s stock traded hands, compared to its average volume of 1,938,199. The stock’s fifty day moving average price is $89.93 and its 200-day moving average price is $88.33. The company has a market capitalization of $32.73 billion, a price-to-earnings ratio of 16.62 and a beta of 0.79. iShares Core MSCI International Developed Markets ETF has a one year low of $77.13 and a one year high of $93.80.

Hedge Funds Weigh In On iShares Core MSCI International Developed Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDEV. Brown Brothers Harriman & Co. raised its stake in iShares Core MSCI International Developed Markets ETF by 11,466.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock valued at $28,000 after purchasing an additional 344 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF in the fourth quarter worth $30,000. Creative Capital Management Investments LLC acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF in the first quarter worth $32,000. Main Street Group LTD acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF in the first quarter worth $37,000. Finally, Archer Investment Corp grew its holdings in shares of iShares Core MSCI International Developed Markets ETF by 14.0% during the fourth quarter. Archer Investment Corp now owns 972 shares of the company’s stock valued at $80,000 after buying an additional 119 shares in the last quarter.

About iShares Core MSCI International Developed Markets ETF

The iShares Core MSCI International Developed Markets ETF (IDEV) is an exchange-traded fund that is based on the MSCI World ex USA IMI index, a market-cap-weighted index of large-, mid, and small-cap stocks from developed countries, excluding the US. IDEV was launched on Mar 21, 2017 and is managed by BlackRock.