iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Sees Large Growth in Short Interest

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 6,490,000 shares, an increase of 42.3% from the August 31st total of 4,560,000 shares. Based on an average trading volume of 2,922,400 shares, the short-interest ratio is currently 2.2 days.

iShares MSCI Emerging Markets ex China ETF Price Performance

iShares MSCI Emerging Markets ex China ETF stock traded down $0.53 during mid-day trading on Friday, hitting $62.46. The company’s stock had a trading volume of 1,785,698 shares, compared to its average volume of 2,354,266. The firm’s 50 day moving average is $59.83 and its 200 day moving average is $58.68. The company has a market cap of $15.18 billion, a PE ratio of 12.73 and a beta of 0.88. iShares MSCI Emerging Markets ex China ETF has a 52-week low of $47.76 and a 52-week high of $63.25.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ex China ETF

Hedge funds have recently bought and sold shares of the business. Oarsman Capital Inc. lifted its stake in iShares MSCI Emerging Markets ex China ETF by 36.8% in the 4th quarter. Oarsman Capital Inc. now owns 103,468 shares of the company’s stock worth $5,733,000 after acquiring an additional 27,815 shares in the last quarter. Tsfg LLC raised its stake in shares of iShares MSCI Emerging Markets ex China ETF by 45.1% during the 2nd quarter. Tsfg LLC now owns 29,620 shares of the company’s stock worth $1,753,000 after purchasing an additional 9,209 shares in the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of iShares MSCI Emerging Markets ex China ETF by 146.1% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 694 shares of the company’s stock worth $41,000 after purchasing an additional 412 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of iShares MSCI Emerging Markets ex China ETF by 14.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 25,173 shares of the company’s stock worth $1,420,000 after purchasing an additional 3,084 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of iShares MSCI Emerging Markets ex China ETF during the 4th quarter worth about $784,000.

iShares MSCI Emerging Markets ex China ETF Company Profile

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.