iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Sees Significant Decline in Short Interest

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 16,272 shares, a decrease of 56.9% from the July 15th total of 37,760 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 135,225 shares, the days-to-cover ratio is presently 0.1 days.

iShares Emerging Markets Equity Factor ETF Stock Performance

Shares of iShares Emerging Markets Equity Factor ETF stock opened at $71.37 on Monday. iShares Emerging Markets Equity Factor ETF has a 12 month low of $53.04 and a 12 month high of $76.58. The firm has a market capitalization of $1.26 billion, a P/E ratio of 13.32 and a beta of 0.59. The business has a fifty day simple moving average of $70.73 and a two-hundred day simple moving average of $67.60.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in iShares Emerging Markets Equity Factor ETF by 19.8% during the third quarter. JPMorgan Chase & Co. now owns 3,364,071 shares of the company’s stock worth $190,339,000 after acquiring an additional 555,561 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares Emerging Markets Equity Factor ETF by 50.8% during the third quarter. Ameriprise Financial Inc. now owns 820,956 shares of the company’s stock valued at $46,484,000 after purchasing an additional 276,482 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 10.5% during the fourth quarter. Farther Finance Advisors LLC now owns 80,070 shares of the company’s stock valued at $4,632,000 after purchasing an additional 7,593 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 13.0% during the second quarter. Captrust Financial Advisors now owns 40,720 shares of the company’s stock valued at $2,120,000 after purchasing an additional 4,686 shares during the last quarter. Finally, First Citizens Financial Corp lifted its holdings in shares of iShares Emerging Markets Equity Factor ETF by 13.7% during the second quarter. First Citizens Financial Corp now owns 25,985 shares of the company’s stock valued at $1,904,000 after purchasing an additional 3,129 shares during the last quarter.

iShares Emerging Markets Equity Factor ETF Company Profile

The iShares MSCI Emerging Markets Multifactor ETF (EMGF) is an exchange-traded fund that is based on the MSCI EM Diversified Multiple-Factor index. The fund tracks an index of large- and mid-cap emerging market firms, selected and weighted to increase exposure to quality, value, momentum and size. EMGF was launched on Dec 8, 2015 and is managed by BlackRock.