Short Interest in iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Grows By 176.6%
by Tristan Rich · The Markets DailyiShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM – Get Free Report) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,007 shares, an increase of 176.6% from the May 14th total of 364 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,933 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On iShares ESG MSCI EM Leaders ETF
Several hedge funds have recently made changes to their positions in LDEM. Morling Financial Advisors LLC purchased a new position in shares of iShares ESG MSCI EM Leaders ETF during the fourth quarter worth about $27,000. Farther Finance Advisors LLC grew its holdings in shares of iShares ESG MSCI EM Leaders ETF by 297.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,083 shares of the company’s stock worth $179,000 after purchasing an additional 2,307 shares during the last quarter. Pathfinder Wealth Consulting Inc. purchased a new position in shares of iShares ESG MSCI EM Leaders ETF during the fourth quarter worth about $276,000. Jane Street Group LLC boosted its stake in shares of iShares ESG MSCI EM Leaders ETF by 12.0% during the fourth quarter. Jane Street Group LLC now owns 5,824 shares of the company’s stock worth $338,000 after buying an additional 625 shares during the period. Finally, Integrity Advisory Solutions LLC acquired a new stake in shares of iShares ESG MSCI EM Leaders ETF during the third quarter worth about $387,000.
iShares ESG MSCI EM Leaders ETF Stock Performance
Shares of LDEM stock traded up $0.14 during mid-day trading on Friday, hitting $61.37. 741 shares of the stock were exchanged, compared to its average volume of 2,424. The stock’s fifty day simple moving average is $61.39 and its two-hundred day simple moving average is $60.57. The stock has a market capitalization of $33.75 million, a price-to-earnings ratio of 14.34 and a beta of 0.65. iShares ESG MSCI EM Leaders ETF has a 12-month low of $51.66 and a 12-month high of $64.73.
iShares ESG MSCI EM Leaders ETF Company Profile
The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.