Short Interest in iShares Emerging Markets Equity Factor ETF (BATS:EMGF) Rises By 1,435.1%

iShares Emerging Markets Equity Factor ETF (BATS:EMGF) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 249,785 shares, a growth of 1,435.1% from the July 30th total of 16,272 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 275,092 shares, the days-to-cover ratio is presently 0.9 days.

iShares Emerging Markets Equity Factor ETF Trading Up 1.7%

Shares of BATS EMGF traded up $1.23 during mid-day trading on Tuesday, reaching $71.98. The company had a trading volume of 171,056 shares, compared to its average volume of 161,029. The firm has a 50 day simple moving average of $70.63 and a two-hundred day simple moving average of $67.93. The stock has a market cap of $1.27 billion, a P/E ratio of 13.32 and a beta of 0.59. iShares Emerging Markets Equity Factor ETF has a 52-week low of $53.04 and a 52-week high of $76.58.

Hedge Funds Weigh In On iShares Emerging Markets Equity Factor ETF

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in iShares Emerging Markets Equity Factor ETF by 38.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $97,000 after purchasing an additional 445 shares during the period. Worth Asset Management LLC purchased a new stake in shares of iShares Emerging Markets Equity Factor ETF in the first quarter valued at about $506,000. Captrust Financial Advisors raised its holdings in shares of iShares Emerging Markets Equity Factor ETF by 2.2% in the fourth quarter. Captrust Financial Advisors now owns 18,741 shares of the company’s stock valued at $1,084,000 after buying an additional 398 shares during the last quarter. Hirtle Callaghan & Co LLC lifted its position in iShares Emerging Markets Equity Factor ETF by 1.7% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 21,314 shares of the company’s stock worth $1,233,000 after acquiring an additional 350 shares during the period. Finally, Navellier & Associates Inc. acquired a new stake in iShares Emerging Markets Equity Factor ETF during the 2nd quarter worth approximately $1,666,000.

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.