iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Short Interest Update

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 62,332 shares, a decrease of 62.3% from the June 15th total of 165,441 shares. Based on an average daily trading volume, of 65,593 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the company’s shares are short sold.

iShares Core MSCI Pacific ETF Trading Up 1.2%

Shares of IPAC traded up $1.01 during mid-day trading on Tuesday, reaching $83.06. The company had a trading volume of 84,379 shares, compared to its average volume of 131,189. iShares Core MSCI Pacific ETF has a fifty-two week low of $66.71 and a fifty-two week high of $84.63. The firm has a fifty day simple moving average of $82.32 and a 200-day simple moving average of $79.73. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 15.73 and a beta of 0.70.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. acquired a new position in shares of iShares Core MSCI Pacific ETF in the 4th quarter valued at approximately $1,696,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Core MSCI Pacific ETF by 5,062.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 97,975 shares of the company’s stock worth $7,173,000 after buying an additional 96,077 shares during the last quarter. Bessemer Group Inc. raised its holdings in iShares Core MSCI Pacific ETF by 72.3% in the fourth quarter. Bessemer Group Inc. now owns 385,208 shares of the company’s stock valued at $28,203,000 after acquiring an additional 161,676 shares in the last quarter. Mandatum Life Insurance Co Ltd raised its holdings in iShares Core MSCI Pacific ETF by 15.1% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 211,923 shares of the company’s stock valued at $15,515,000 after acquiring an additional 27,856 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in iShares Core MSCI Pacific ETF by 460.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,200 shares of the company’s stock valued at $3,236,000 after acquiring an additional 36,315 shares during the last quarter.

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.