Short Interest in iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) Rises By 99.4%

iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 22,579,833 shares, a growth of 99.4% from the November 30th total of 11,326,286 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 10,574,258 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 10,574,258 shares, the short-interest ratio is presently 2.1 days. Currently, 1.3% of the shares of the company are short sold.

iShares Core MSCI Emerging Markets ETF Stock Up 0.7%

NYSEARCA:IEMG traded up $0.45 during mid-day trading on Friday, hitting $67.39. 7,061,592 shares of the company traded hands, compared to its average volume of 10,950,767. The stock’s fifty day moving average price is $67.23 and its 200-day moving average price is $64.13. The firm has a market cap of $113.26 billion, a price-to-earnings ratio of 14.65 and a beta of 0.65. iShares Core MSCI Emerging Markets ETF has a one year low of $47.29 and a one year high of $69.46.

Institutional Investors Weigh In On iShares Core MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEMG. Cahill Financial Advisors Inc. increased its stake in shares of iShares Core MSCI Emerging Markets ETF by 0.9% in the third quarter. Cahill Financial Advisors Inc. now owns 18,585 shares of the company’s stock worth $1,225,000 after purchasing an additional 164 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of iShares Core MSCI Emerging Markets ETF by 8.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,266 shares of the company’s stock valued at $136,000 after buying an additional 168 shares in the last quarter. Team Financial Group LLC boosted its holdings in iShares Core MSCI Emerging Markets ETF by 19.4% in the 3rd quarter. Team Financial Group LLC now owns 1,079 shares of the company’s stock worth $71,000 after buying an additional 175 shares during the period. Horizons Wealth Management boosted its holdings in iShares Core MSCI Emerging Markets ETF by 5.7% in the 2nd quarter. Horizons Wealth Management now owns 3,316 shares of the company’s stock worth $199,000 after buying an additional 180 shares during the period. Finally, Foster & Motley Inc. increased its stake in iShares Core MSCI Emerging Markets ETF by 3.5% in the 3rd quarter. Foster & Motley Inc. now owns 5,355 shares of the company’s stock worth $353,000 after buying an additional 183 shares in the last quarter.

About iShares Core MSCI Emerging Markets ETF

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.