iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sees Large Decline in Short Interest

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,362 shares, a decline of 99.3% from the May 14th total of 317,649 shares. Based on an average daily volume of 192,484 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

iShares Emerging Markets Equity Factor ETF Price Performance

EMGF stock opened at $70.84 on Wednesday. iShares Emerging Markets Equity Factor ETF has a 1-year low of $49.87 and a 1-year high of $76.23. The business has a fifty day moving average price of $68.54 and a 200-day moving average price of $63.51. The stock has a market capitalization of $1.25 billion, a P/E ratio of 13.32 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in shares of iShares Emerging Markets Equity Factor ETF by 10.5% during the fourth quarter. Farther Finance Advisors LLC now owns 80,070 shares of the company’s stock valued at $4,632,000 after purchasing an additional 7,593 shares during the last quarter. First Citizens Financial Corp raised its holdings in shares of iShares Emerging Markets Equity Factor ETF by 8.4% during the fourth quarter. First Citizens Financial Corp now owns 19,135 shares of the company’s stock valued at $1,107,000 after purchasing an additional 1,486 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of iShares Emerging Markets Equity Factor ETF during the first quarter valued at approximately $506,000. Captrust Financial Advisors raised its holdings in shares of iShares Emerging Markets Equity Factor ETF by 2.2% during the fourth quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock valued at $1,084,000 after purchasing an additional 398 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of iShares Emerging Markets Equity Factor ETF by 19.8% during the third quarter. JPMorgan Chase & Co. now owns 3,364,071 shares of the company’s stock valued at $190,339,000 after purchasing an additional 555,561 shares during the last quarter.

iShares Emerging Markets Equity Factor ETF Company Profile

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.