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) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 2,180,000 shares, a decline 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 days-to-cover ratio is presently 1.2 days.

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

Several hedge funds have recently bought and sold shares of EMXC. Cullen Frost Bankers Inc. increased its position in shares of 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 valued at $105,347,000 after buying an additional 1,304,571 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in iShares MSCI Emerging Markets ex China ETF in the 3rd quarter worth $52,987,000. Eastern Bank acquired a new position in iShares MSCI Emerging Markets ex China ETF during the third quarter worth $38,581,000. Bank of New York Mellon Corp lifted its holdings 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 in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of 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 valued at $103,646,000 after purchasing an additional 405,660 shares during the period.

iShares MSCI Emerging Markets ex China ETF Stock Up 0.6 %

Shares of NASDAQ:EMXC traded up $0.33 during midday trading on Friday, reaching $58.63. The company’s stock had a trading volume of 849,714 shares, compared to its average volume of 2,214,667. The stock has a fifty day moving average of $59.12 and a 200 day moving average of $59.40. The firm has a market capitalization of $16.63 billion, a PE ratio of 12.73 and a beta of 0.88. iShares MSCI Emerging Markets ex China ETF has a twelve month low of $52.43 and a twelve month high of $63.25.

About iShares MSCI Emerging Markets ex China ETF

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.