Short Interest in iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Rises By 44.2%

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 33,603 shares, an increase of 44.2% from the January 15th total of 23,302 shares. Based on an average daily volume of 68,285 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 68,285 shares, the short-interest ratio is presently 0.5 days.

iShares Core MSCI Pacific ETF Trading Up 0.1%

Shares of IPAC opened at $83.26 on Tuesday. The firm has a market cap of $2.50 billion, a P/E ratio of 15.73 and a beta of 0.72. iShares Core MSCI Pacific ETF has a 12 month low of $54.90 and a 12 month high of $83.98. The stock’s 50 day moving average is $76.46 and its two-hundred day moving average is $74.53.

Hedge Funds Weigh In On iShares Core MSCI Pacific ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of iShares Core MSCI Pacific ETF by 9.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,201,616 shares of the company’s stock worth $161,180,000 after purchasing an additional 184,954 shares in the last quarter. Assetmark Inc. raised its holdings in shares of iShares Core MSCI Pacific ETF by 0.5% during the fourth quarter. Assetmark Inc. now owns 966,504 shares of the company’s stock valued at $70,758,000 after acquiring an additional 4,563 shares during the last quarter. Morgan Stanley raised its holdings in shares of iShares Core MSCI Pacific ETF by 1.7% during the fourth quarter. Morgan Stanley now owns 927,022 shares of the company’s stock valued at $67,867,000 after acquiring an additional 15,505 shares during the last quarter. Mather Group LLC. lifted its position in shares of iShares Core MSCI Pacific ETF by 3.1% in the fourth quarter. Mather Group LLC. now owns 655,922 shares of the company’s stock valued at $48,020,000 after acquiring an additional 19,716 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of iShares Core MSCI Pacific ETF by 2.5% in the fourth quarter. Stifel Financial Corp now owns 558,045 shares of the company’s stock worth $40,854,000 after acquiring an additional 13,675 shares during the last quarter.

About iShares Core MSCI Pacific ETF

The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.