iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Stock Short Interest Rises 147.3%

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 2,913 shares, an increase of 147.3% from the October 15th total of 1,178 shares. Based on an average daily volume of 3,290 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s shares are short sold.

iShares ESG MSCI EM Leaders ETF Stock Performance

NASDAQ:LDEM traded down $0.53 during trading hours on Friday, reaching $56.33. The company’s stock had a trading volume of 748 shares, compared to its average volume of 1,978. The firm has a market capitalization of $30.98 million, a price-to-earnings ratio of 11.86 and a beta of 0.68. The firm has a 50-day simple moving average of $59.55 and a 200-day simple moving average of $60.49. iShares ESG MSCI EM Leaders ETF has a 1 year low of $55.84 and a 1 year high of $64.73.

Institutional Trading of iShares ESG MSCI EM Leaders ETF

Institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of iShares ESG MSCI EM Leaders ETF in the second quarter worth about $50,000. Mather Group LLC. purchased a new stake in iShares ESG MSCI EM Leaders ETF during the 3rd quarter valued at about $56,000. Farther Finance Advisors LLC boosted its holdings in iShares ESG MSCI EM Leaders ETF by 34.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,263 shares of the company’s stock valued at $258,000 after acquiring an additional 1,094 shares during the period. Integrity Advisory Solutions LLC grew its position in iShares ESG MSCI EM Leaders ETF by 4.5% during the 3rd quarter. Integrity Advisory Solutions LLC now owns 8,405 shares of the company’s stock worth $508,000 after acquiring an additional 365 shares during the last quarter. Finally, Beta Wealth Group Inc. bought a new position in iShares ESG MSCI EM Leaders ETF during the 3rd quarter worth approximately $530,000.

About iShares ESG MSCI EM Leaders ETF

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.