iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Sees Significant Growth in Short Interest

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,300,000 shares, a growth of 307.7% from the October 31st total of 1,300,000 shares. Based on an average daily trading volume, of 2,569,800 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On iShares MSCI Emerging Markets ex China ETF

A number of hedge funds have recently made changes to their positions in EMXC. Cullen Frost Bankers Inc. lifted its position in shares of iShares MSCI Emerging Markets ex China ETF by 274.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,779,506 shares of the company’s stock worth $105,347,000 after buying an additional 1,304,571 shares during the period. Flow Traders U.S. LLC acquired a new position in iShares MSCI Emerging Markets ex China ETF during the third quarter worth $52,987,000. Eastern Bank bought a new position in shares of iShares MSCI Emerging Markets ex China ETF during the third quarter valued at $38,581,000. Cambridge Trust Co. boosted its stake in shares of iShares MSCI Emerging Markets ex China ETF by 34,755.3% in the 1st quarter. Cambridge Trust Co. now owns 575,112 shares of the company’s stock valued at $33,109,000 after purchasing an additional 573,462 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,363,401 shares of the company’s stock worth $554,313,000 after purchasing an additional 488,114 shares during the last quarter.

iShares MSCI Emerging Markets ex China ETF Stock Down 0.7 %

iShares MSCI Emerging Markets ex China ETF stock traded down $0.39 during trading hours on Wednesday, hitting $57.70. The stock had a trading volume of 1,411,751 shares, compared to its average volume of 2,253,852. The company has a market cap of $16.37 billion, a PE ratio of 12.73 and a beta of 0.88. iShares MSCI Emerging Markets ex China ETF has a fifty-two week low of $52.43 and a fifty-two week high of $63.25. The company has a 50-day moving average of $59.86 and a two-hundred day moving average of $59.43.

iShares MSCI Emerging Markets ex China ETF Company Profile

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.