iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Shares Shorted: Short Interest Up 229.4% in September

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 23,781 shares, a growth of 229.4% from the September 15th total of 7,219 shares. Based on an average trading volume of 66,131 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

iShares Core MSCI Pacific ETF Trading Up 0.7%

iShares Core MSCI Pacific ETF stock traded up $0.62 during mid-day trading on Friday, hitting $85.26. The stock had a trading volume of 102,574 shares, compared to its average volume of 117,275. The stock has a 50-day simple moving average of $85.52 and a two-hundred day simple moving average of $82.63. The stock has a market capitalization of $2.76 billion, a PE ratio of 15.73 and a beta of 0.73. iShares Core MSCI Pacific ETF has a 12 month low of $71.46 and a 12 month high of $87.31.

Institutional Trading of iShares Core MSCI Pacific ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in iShares Core MSCI Pacific ETF during the 1st quarter valued at about $29,000. Trust Co. of Vermont acquired a new stake in shares of iShares Core MSCI Pacific ETF during the 2nd quarter worth approximately $40,000. CoreCap Advisors LLC grew its position in shares of iShares Core MSCI Pacific ETF by 3,825.0% during the 2nd quarter. CoreCap Advisors LLC now owns 628 shares of the company’s stock worth $51,000 after buying an additional 612 shares during the period. Canandaigua National Bank & Trust Co. acquired a new stake in shares of iShares Core MSCI Pacific ETF during the 2nd quarter worth approximately $234,000. Finally, Signal Advisors Wealth LLC bought a new stake in shares of iShares Core MSCI Pacific ETF during the first quarter worth approximately $247,000.

About iShares Core MSCI Pacific ETF

The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.