iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Short Interest Up 77.4% in June

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 165,441 shares, an increase of 77.4% from the May 31st total of 93,275 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 117,605 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of iShares Core MSCI Pacific ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in iShares Core MSCI Pacific ETF in the 1st quarter worth about $29,000. Coston McIsaac & Partners bought a new position in shares of iShares Core MSCI Pacific ETF during the 4th quarter worth approximately $37,000. Activest Wealth Management bought a new position in shares of iShares Core MSCI Pacific ETF during the 4th quarter worth approximately $44,000. CIBC Private Wealth Group LLC boosted its stake in shares of iShares Core MSCI Pacific ETF by 34.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,310 shares of the company’s stock worth $96,000 after buying an additional 337 shares during the last quarter. Finally, Cornerstone Planning Group LLC purchased a new position in shares of iShares Core MSCI Pacific ETF in the 4th quarter worth approximately $120,000.

iShares Core MSCI Pacific ETF Stock Performance

NYSEARCA IPAC opened at $82.03 on Friday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 15.73 and a beta of 0.70. The business has a fifty day simple moving average of $81.87 and a 200 day simple moving average of $79.23. iShares Core MSCI Pacific ETF has a 12 month low of $66.71 and a 12 month high of $84.63.

About iShares Core MSCI Pacific ETF

The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.