iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Short Interest Down 62.0% in May

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 364 shares, a decline of 62.0% from the April 30th total of 958 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 668 shares, the days-to-cover ratio is currently 0.5 days.

iShares ESG MSCI EM Leaders ETF Trading Up 0.7%

Shares of LDEM traded up $0.44 during trading hours on Monday, reaching $62.43. 2,364 shares of the company traded hands, compared to its average volume of 2,517. The firm has a market cap of $34.34 million, a price-to-earnings ratio of 14.34 and a beta of 0.66. iShares ESG MSCI EM Leaders ETF has a 12-month low of $50.77 and a 12-month high of $64.73. The stock’s fifty day moving average price is $60.68 and its 200 day moving average price is $60.44.

Institutional Trading of iShares ESG MSCI EM Leaders ETF

A number of large investors have recently made changes to their positions in LDEM. OLD Mission Capital LLC boosted its stake in shares of iShares ESG MSCI EM Leaders ETF by 131.3% during the fourth quarter. OLD Mission Capital LLC now owns 60,501 shares of the company’s stock valued at $3,516,000 after purchasing an additional 34,347 shares during the period. Integrity Advisory Solutions LLC bought a new stake in shares of iShares ESG MSCI EM Leaders ETF in the third quarter valued at about $387,000. Pathfinder Wealth Consulting Inc. bought a new stake in shares of iShares ESG MSCI EM Leaders ETF in the fourth quarter valued at about $276,000. Flagship Harbor Advisors LLC bought a new stake in shares of iShares ESG MSCI EM Leaders ETF in the third quarter valued at about $212,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares ESG MSCI EM Leaders ETF by 297.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock valued at $179,000 after acquiring an additional 2,307 shares in the last quarter.

iShares ESG MSCI EM Leaders ETF Company Profile

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.