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

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGEGet Free Report) 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

(Get Free Report)

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.

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