iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) Sees Large Increase in Short Interest

iShares Core MSCI International Developed Markets ETF (NYSEARCA:IDEV) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,847,334 shares, a growth of 116.3% from the May 31st total of 854,089 shares. Based on an average daily trading volume, of 1,270,254 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.6% of the company’s stock are sold short.

iShares Core MSCI International Developed Markets ETF Price Performance

IDEV stock opened at $88.61 on Thursday. The business has a 50-day moving average price of $89.00 and a 200 day moving average price of $86.84. The company has a market capitalization of $30.41 billion, a P/E ratio of 16.62 and a beta of 0.79. iShares Core MSCI International Developed Markets ETF has a 1-year low of $74.21 and a 1-year high of $91.03.

Institutional Investors Weigh In On iShares Core MSCI International Developed Markets ETF

Several large investors have recently modified their holdings of IDEV. Fortitude Family Office LLC boosted its stake in shares of iShares Core MSCI International Developed Markets ETF by 7.4% during the fourth quarter. Fortitude Family Office LLC now owns 252,319 shares of the company’s stock valued at $20,811,000 after purchasing an additional 17,455 shares in the last quarter. Farther Finance Advisors LLC raised its stake in iShares Core MSCI International Developed Markets ETF by 121.7% in the fourth quarter. Farther Finance Advisors LLC now owns 12,469 shares of the company’s stock worth $1,028,000 after buying an additional 6,845 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in iShares Core MSCI International Developed Markets ETF by 101.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 224,439 shares of the company’s stock worth $18,512,000 after buying an additional 112,813 shares in the last quarter. Norris Perne & French LLP MI lifted its holdings in iShares Core MSCI International Developed Markets ETF by 34.7% during the fourth quarter. Norris Perne & French LLP MI now owns 113,853 shares of the company’s stock worth $9,391,000 after buying an additional 29,318 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in iShares Core MSCI International Developed Markets ETF by 8.5% during the fourth quarter. AdvisorNet Financial Inc now owns 244,863 shares of the company’s stock worth $20,196,000 after buying an additional 19,127 shares during the period.

iShares Core MSCI International Developed Markets ETF Company Profile

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.