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

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) was the target of a large 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 trading volume, of 1,884,600 shares, the short-interest ratio is presently 1.2 days.

iShares MSCI Emerging Markets ex China ETF Price Performance

NASDAQ EMXC traded up $0.33 on Friday, hitting $58.63. The stock had a trading volume of 849,714 shares, compared to its average volume of 2,214,667. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 12.73 and a beta of 0.88. iShares MSCI Emerging Markets ex China ETF has a 52-week low of $52.43 and a 52-week high of $63.25. The business’s fifty day moving average price is $59.12 and its 200 day moving average price is $59.40.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ex China ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in iShares MSCI Emerging Markets ex China ETF by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 9,363,401 shares of the company’s stock valued at $554,313,000 after purchasing an additional 488,114 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in iShares MSCI Emerging Markets ex China ETF by 274.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,779,506 shares of the company’s stock valued at $105,347,000 after purchasing an additional 1,304,571 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in iShares MSCI Emerging Markets ex China ETF by 31.4% during the third quarter. Janney Montgomery Scott LLC now owns 1,696,051 shares of the company’s stock worth $103,646,000 after acquiring an additional 405,660 shares during the last quarter. United Services Automobile Association boosted its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 3.0% during the 3rd quarter. United Services Automobile Association now owns 1,162,072 shares of the company’s stock worth $71,014,000 after purchasing an additional 33,824 shares during the last quarter. Finally, 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.

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.