iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Sees Large Drop in Short Interest

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 588,700 shares, a decline of 49.3% from the February 13th total of 1,160,000 shares. Based on an average daily volume of 734,200 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are sold short.

iShares ESG Aware MSCI EM ETF Trading Up 1.7 %

Shares of NASDAQ ESGE traded up $0.61 during midday trading on Friday, hitting $35.60. 719,922 shares of the company’s stock were exchanged, compared to its average volume of 654,426. iShares ESG Aware MSCI EM ETF has a 12-month low of $31.01 and a 12-month high of $37.72. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 14.49 and a beta of 0.75. The business’s fifty day moving average price is $34.67 and its two-hundred day moving average price is $34.90.

iShares ESG Aware MSCI EM ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were issued a dividend of $0.0222 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ESGE. JPMorgan Chase & Co. boosted its stake in iShares ESG Aware MSCI EM ETF by 6.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079,355 shares of the company’s stock worth $69,430,000 after buying an additional 118,301 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of iShares ESG Aware MSCI EM ETF during the 4th quarter valued at about $2,385,000. Acorns Advisers LLC grew its stake in shares of iShares ESG Aware MSCI EM ETF by 5.5% during the 4th quarter. Acorns Advisers LLC now owns 1,196,670 shares of the company’s stock valued at $39,957,000 after purchasing an additional 62,366 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in shares of iShares ESG Aware MSCI EM ETF during the 4th quarter valued at about $1,254,000. Finally, TIAA Trust National Association grew its stake in shares of iShares ESG Aware MSCI EM ETF by 0.6% during the 4th quarter. TIAA Trust National Association now owns 6,177,766 shares of the company’s stock valued at $206,956,000 after purchasing an additional 36,306 shares during the period.

About iShares ESG Aware MSCI EM ETF

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market.