Short Interest in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Drops By 58.9%

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 2,180,000 shares, a drop of 58.9% from the November 15th total of 5,300,000 shares. Based on an average daily volume of 1,884,600 shares, the days-to-cover ratio is currently 1.2 days.

iShares MSCI Emerging Markets ex China ETF Stock Up 0.9 %

iShares MSCI Emerging Markets ex China ETF stock traded up $0.53 during mid-day trading on Wednesday, reaching $58.73. 2,250,647 shares of the company’s stock were exchanged, compared to its average volume of 2,225,230. The business’s fifty day simple moving average is $59.25 and its 200 day simple moving average is $59.42. The firm has a market capitalization of $16.66 billion, a PE ratio of 12.73 and a beta of 0.88. iShares MSCI Emerging Markets ex China ETF has a one year low of $52.43 and a one year high of $63.25.

Institutional Trading of iShares MSCI Emerging Markets ex China ETF

A number of large investors have recently bought and sold shares of EMXC. Cullen Frost Bankers Inc. increased its position in iShares MSCI Emerging Markets ex China ETF by 274.7% in the second 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 last quarter. Flow Traders U.S. LLC purchased a new stake in iShares MSCI Emerging Markets ex China ETF in the third quarter worth $52,987,000. Eastern Bank purchased a new stake in iShares MSCI Emerging Markets ex China ETF in the third quarter worth $38,581,000. Bank of New York Mellon Corp increased its position in iShares MSCI Emerging Markets ex China ETF by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 9,363,401 shares of the company’s stock worth $554,313,000 after buying an additional 488,114 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in iShares MSCI Emerging Markets ex China ETF by 31.4% in the third quarter. Janney Montgomery Scott LLC now owns 1,696,051 shares of the company’s stock worth $103,646,000 after buying an additional 405,660 shares during the last quarter.

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.