iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Large Increase in Short Interest

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 223,890 shares, a growth of 75.3% from the December 15th total of 127,742 shares. Based on an average daily trading volume, of 413,777 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 413,777 shares, the days-to-cover ratio is currently 0.5 days.

iShares Core MSCI Pacific ETF Trading Up 0.5%

Shares of NYSEARCA IPAC traded up $0.36 during mid-day trading on Thursday, hitting $76.58. The company had a trading volume of 78,742 shares, compared to its average volume of 194,694. The firm has a 50-day simple moving average of $74.30 and a two-hundred day simple moving average of $72.78. The company has a market capitalization of $2.30 billion, a PE ratio of 15.73 and a beta of 0.72. iShares Core MSCI Pacific ETF has a one year low of $54.90 and a one year high of $76.79.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in iShares Core MSCI Pacific ETF by 6.5% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,730 shares of the company’s stock valued at $531,000 after purchasing an additional 470 shares during the period. Bessemer Group Inc. boosted its stake in shares of iShares Core MSCI Pacific ETF by 22.3% in the second quarter. Bessemer Group Inc. now owns 206,182 shares of the company’s stock valued at $14,165,000 after buying an additional 37,543 shares during the period. Financial Gravity Companies Inc. bought a new stake in shares of iShares Core MSCI Pacific ETF in the second quarter valued at approximately $4,074,000. Perigon Wealth Management LLC grew its position in iShares Core MSCI Pacific ETF by 148.2% during the third quarter. Perigon Wealth Management LLC now owns 69,878 shares of the company’s stock worth $5,131,000 after buying an additional 41,720 shares in the last quarter. Finally, Smithfield Trust Co increased its stake in iShares Core MSCI Pacific ETF by 12.0% during the 2nd quarter. Smithfield Trust Co now owns 352,399 shares of the company’s stock worth $24,207,000 after acquiring an additional 37,759 shares during the period.

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.