Short Interest in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Drops By 58.9%

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 2,180,000 shares, a decrease of 58.9% from the November 15th total of 5,300,000 shares. Based on an average trading volume of 1,884,600 shares, the short-interest ratio is currently 1.2 days.

iShares MSCI Emerging Markets ex China ETF Stock Up 0.9 %

NASDAQ:EMXC traded up $0.53 on Wednesday, hitting $58.73. The stock had a trading volume of 2,250,647 shares, compared to its average volume of 2,225,230. The business’s fifty day moving average is $59.25 and its 200 day moving average is $59.42. The company has a market cap of $16.66 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 $52.43 and a 52 week high of $63.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 9,363,401 shares of the company’s stock valued at $554,313,000 after purchasing an additional 488,114 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 274.7% in the second quarter. Cullen Frost Bankers Inc. now owns 1,779,506 shares of the company’s stock valued at $105,347,000 after purchasing an additional 1,304,571 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 31.4% in the third quarter. Janney Montgomery Scott LLC now owns 1,696,051 shares of the company’s stock valued at $103,646,000 after purchasing an additional 405,660 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 3.0% in the third quarter. United Services Automobile Association now owns 1,162,072 shares of the company’s stock valued at $71,014,000 after purchasing an additional 33,824 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares MSCI Emerging Markets ex China ETF in the third quarter valued at approximately $52,987,000.

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.