iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Sees Large Decline in Short Interest

by · The Cerbat Gem

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 213,900 shares, a drop of 67.7% from the September 30th total of 661,800 shares. Based on an average daily volume of 511,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. TIAA Trust National Association lifted its position in shares of iShares ESG Aware MSCI EM ETF by 13.1% during the second quarter. TIAA Trust National Association now owns 5,754,518 shares of the company’s stock worth $192,557,000 after purchasing an additional 666,543 shares during the last quarter. Private Ocean LLC grew its position in shares of iShares ESG Aware MSCI EM ETF by 204.5% in the 2nd quarter. Private Ocean LLC now owns 475,784 shares of the company’s stock worth $15,953,000 after acquiring an additional 319,528 shares in the last quarter. Money Design Co. Ltd. increased its holdings in shares of iShares ESG Aware MSCI EM ETF by 1.6% in the 3rd quarter. Money Design Co. Ltd. now owns 461,900 shares of the company’s stock valued at $16,818,000 after acquiring an additional 7,257 shares during the last quarter. Cambridge Trust Co. increased its holdings in shares of iShares ESG Aware MSCI EM ETF by 2,202.0% in the 1st quarter. Cambridge Trust Co. now owns 168,757 shares of the company’s stock valued at $5,439,000 after acquiring an additional 161,426 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of iShares ESG Aware MSCI EM ETF during the 3rd quarter valued at approximately $5,848,000.

iShares ESG Aware MSCI EM ETF Stock Performance

Shares of ESGE stock traded up $0.01 during mid-day trading on Friday, reaching $35.85. 500,609 shares of the company were exchanged, compared to its average volume of 718,876. The company has a market capitalization of $4.56 billion, a P/E ratio of 12.20 and a beta of 0.75. The business’s 50 day simple moving average is $35.33 and its 200 day simple moving average is $34.00. iShares ESG Aware MSCI EM ETF has a fifty-two week low of $29.15 and a fifty-two week high of $37.72.

About iShares ESG Aware MSCI EM ETF

(Get Free Report)

The iShares ESG Aware MSCI EM ETF (ESGE) is an exchange-traded fund that is based on the MSCI EM Extended ESG Focus index. The fund tracks an index of large- and mid-cap companies from emerging market economies. Stocks are selected and weighted for positive environmental, social, and governance characteristics while maintaining similar investment risk\u002Freturn of the market.

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