iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Short Interest Update

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 187,113 shares, a decrease of 39.8% from the August 31st total of 311,048 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 127,271 shares, the short-interest ratio is presently 1.5 days.

iShares Emerging Markets Equity Factor ETF Stock Performance

BATS EMGF opened at $72.10 on Wednesday. The firm’s fifty day moving average is $71.03 and its two-hundred day moving average is $69.41. iShares Emerging Markets Equity Factor ETF has a one year low of $54.88 and a one year high of $76.58. The firm has a market cap of $1.27 billion, a PE ratio of 13.32 and a beta of 0.59.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Institutional investors have recently added to or reduced their stakes in the stock. Navellier & Associates Inc. acquired a new stake in iShares Emerging Markets Equity Factor ETF during the 2nd quarter worth approximately $1,666,000. Worth Asset Management LLC purchased a new position in shares of iShares Emerging Markets Equity Factor ETF in the 1st quarter valued at approximately $506,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of iShares Emerging Markets Equity Factor ETF in the second quarter valued at approximately $203,000. First Citizens Financial Corp increased its holdings in shares of iShares Emerging Markets Equity Factor ETF by 13.7% in the second quarter. First Citizens Financial Corp now owns 25,985 shares of the company’s stock valued at $1,904,000 after purchasing an additional 3,129 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of iShares Emerging Markets Equity Factor ETF by 38.3% during the first quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $97,000 after purchasing an additional 445 shares during the last quarter.

About iShares Emerging Markets Equity Factor ETF

The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.