iShares Inc. (NYSEARCA:IEMG) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 6,016,632 shares, a growth of 228.9% from the January 12th total of 1,829,462 shares. Based on an average daily volume of 10,632,915 shares, the days-to-cover ratio is currently 0.6 days.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Merchants Corp raised its position in iShares by 7.3% during the 4th quarter. First Merchants Corp now owns 12,900 shares of the company’s stock worth $734,000 after buying an additional 873 shares during the last quarter. Texas Yale Capital Corp. grew its stake in shares of iShares by 10.3% during the 4th quarter. Texas Yale Capital Corp. now owns 9,520 shares of the company’s stock worth $542,000 after purchasing an additional 890 shares during the period. Clearwater Capital Partners LLC grew its stake in shares of iShares by 9.4% during the 4th quarter. Clearwater Capital Partners LLC now owns 10,363 shares of the company’s stock worth $590,000 after purchasing an additional 893 shares during the period. ACG Wealth grew its stake in shares of iShares by 11.5% during the 4th quarter. ACG Wealth now owns 8,782 shares of the company’s stock worth $500,000 after purchasing an additional 908 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of iShares by 27.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,678 shares of the company’s stock worth $266,000 after purchasing an additional 995 shares during the period.
iShares (NYSEARCA IEMG) opened at $56.96 on Tuesday. iShares has a 1 year low of $45.45 and a 1 year high of $62.70.
TRADEMARK VIOLATION NOTICE: “iShares Inc. (IEMG) Sees Large Growth in Short Interest” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/13/ishares-inc-iemg-sees-large-growth-in-short-interest.html.
Receive News & Ratings for iShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares and related companies with MarketBeat.com's FREE daily email newsletter.