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

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,812,162 shares, a growth of 416.9% from the August 31st total of 544,029 shares. Based on an average daily volume of 1,996,478 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.8% of the shares of the stock are sold short.

iShares Core MSCI International Developed Markets ETF Price Performance

NYSEARCA:IDEV traded up $0.74 during trading hours on Friday, hitting $90.85. The stock had a trading volume of 2,015,962 shares, compared to its average volume of 1,928,826. The company has a 50 day simple moving average of $91.72 and a two-hundred day simple moving average of $89.13. iShares Core MSCI International Developed Markets ETF has a one year low of $78.10 and a one year high of $93.86. The firm has a market capitalization of $32.58 billion, a price-to-earnings ratio of 16.62 and a beta of 0.80.

Institutional Investors Weigh In On iShares Core MSCI International Developed Markets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. grew its position in iShares Core MSCI International Developed Markets ETF by 25.9% during the first quarter. Bessemer Group Inc. now owns 2,760,114 shares of the company’s stock worth $230,662,000 after buying an additional 568,237 shares in the last quarter. ESL Trust Services LLC bought a new stake in shares of iShares Core MSCI International Developed Markets ETF during the 1st quarter valued at about $47,196,000. First Command Advisory Services Inc. boosted its position in shares of iShares Core MSCI International Developed Markets ETF by 21.4% during the 4th quarter. First Command Advisory Services Inc. now owns 1,630,797 shares of the company’s stock valued at $134,508,000 after acquiring an additional 287,340 shares during the last quarter. Main Management ETF Advisors LLC grew its holdings in shares of iShares Core MSCI International Developed Markets ETF by 11.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 809,383 shares of the company’s stock worth $66,758,000 after purchasing an additional 80,383 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of iShares Core MSCI International Developed Markets ETF by 867.7% during the first quarter. Bank of New York Mellon Corp now owns 78,837 shares of the company’s stock worth $6,588,000 after purchasing an additional 70,690 shares in the last quarter.

iShares Core MSCI International Developed Markets ETF Company Profile

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.