iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Short Interest Down 62.3% in June

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 62,332 shares, a decrease of 62.3% from the June 15th total of 165,441 shares. Based on an average trading volume of 65,593 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of iShares Core MSCI Pacific ETF by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,201,616 shares of the company’s stock valued at $161,180,000 after acquiring an additional 184,954 shares during the last quarter. Assetmark Inc. boosted its position in iShares Core MSCI Pacific ETF by 0.5% during the fourth quarter. Assetmark Inc. now owns 966,504 shares of the company’s stock valued at $70,758,000 after purchasing an additional 4,563 shares during the last quarter. Morgan Stanley grew its stake in iShares Core MSCI Pacific ETF by 1.7% in the fourth quarter. Morgan Stanley now owns 927,022 shares of the company’s stock valued at $67,867,000 after purchasing an additional 15,505 shares in the last quarter. Mather Group LLC. increased its position in shares of iShares Core MSCI Pacific ETF by 3.1% during the 4th quarter. Mather Group LLC. now owns 655,922 shares of the company’s stock worth $48,020,000 after purchasing an additional 19,716 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of iShares Core MSCI Pacific ETF by 2.5% during the 4th quarter. Stifel Financial Corp now owns 558,045 shares of the company’s stock worth $40,854,000 after purchasing an additional 13,675 shares during the last quarter.

iShares Core MSCI Pacific ETF Price Performance

Shares of IPAC opened at $83.30 on Monday. iShares Core MSCI Pacific ETF has a twelve month low of $66.71 and a twelve month high of $84.63. The stock has a market capitalization of $2.66 billion, a P/E ratio of 15.73 and a beta of 0.70. The company has a 50 day moving average of $82.23 and a 200-day moving average of $79.61.

iShares Core MSCI Pacific ETF Company Profile

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.