iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Short Interest Down 68.8% in July

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 596,308 shares, a drop of 68.8% from the July 15th total of 1,911,948 shares. Based on an average trading volume of 1,410,763 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

iShares Core MSCI International Developed Markets ETF Stock Performance

NYSEARCA IDEV remained flat at $93.56 on Friday. 759,745 shares of the company were exchanged, compared to its average volume of 1,938,199. iShares Core MSCI International Developed Markets ETF has a twelve month low of $77.13 and a twelve month high of $93.80. The stock has a market capitalization of $32.73 billion, a price-to-earnings ratio of 16.62 and a beta of 0.79. The company’s 50 day moving average price is $89.82 and its 200-day moving average price is $88.29.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new position in shares of iShares Core MSCI International Developed Markets ETF during the first quarter worth approximately $1,025,000. Ameriprise Financial Inc. increased its holdings in shares of iShares Core MSCI International Developed Markets ETF by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 6,852,208 shares of the company’s stock valued at $521,039,000 after purchasing an additional 1,716,886 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of iShares Core MSCI International Developed Markets ETF in the second quarter valued at approximately $3,566,000. Russell Investments Group Ltd. bought a new position in iShares Core MSCI International Developed Markets ETF in the 3rd quarter worth approximately $142,000. Finally, Brown Brothers Harriman & Co. raised its position in iShares Core MSCI International Developed Markets ETF by 11,466.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $28,000 after purchasing an additional 344 shares during the last quarter.

About iShares Core MSCI International Developed Markets ETF

The iShares Core MSCI International Developed Markets ETF (IDEV) is an exchange-traded fund that is based on the MSCI World ex USA IMI index, a market-cap-weighted index of large-, mid, and small-cap stocks from developed countries, excluding the US. IDEV was launched on Mar 21, 2017 and is managed by BlackRock.