Short Interest in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Drops By 88.2%

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 588,753 shares, a drop of 88.2% from the April 15th total of 5,010,083 shares. Based on an average daily volume of 2,647,823 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EMXC. Sankala Group LLC bought a new position in shares of iShares MSCI Emerging Markets ex China ETF in the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. bought a new position in shares of iShares MSCI Emerging Markets ex China ETF in the third quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 526.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 589 shares of the company’s stock worth $43,000 after purchasing an additional 495 shares during the last quarter. Arlington Trust Co LLC grew its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 91.8% in the fourth quarter. Arlington Trust Co LLC now owns 744 shares of the company’s stock worth $54,000 after purchasing an additional 356 shares during the last quarter. Finally, BOKF NA bought a new stake in iShares MSCI Emerging Markets ex China ETF in the fourth quarter valued at $62,000.

iShares MSCI Emerging Markets ex China ETF Stock Down 3.8%

Shares of iShares MSCI Emerging Markets ex China ETF stock traded down $3.74 on Tuesday, hitting $94.20. The stock had a trading volume of 2,661,290 shares, compared to its average volume of 3,570,689. iShares MSCI Emerging Markets ex China ETF has a one year low of $58.84 and a one year high of $98.31. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of 15.28 and a beta of 0.86. The stock’s 50-day simple moving average is $84.38 and its two-hundred day simple moving average is $78.59.

About iShares MSCI Emerging Markets ex China ETF

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.