iShares Core MSCI Total International Stock ETF (NASDAQ:IXUS) Sees Significant Decline in Short Interest

iShares Core MSCI Total International Stock ETF (NASDAQ:IXUS – Get Rating) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 451,100 shares, a drop of 7.1% from the February 13th total of 485,500 shares. Based on an average trading volume of 1,973,400 shares, the days-to-cover ratio is presently 0.2 days.

iShares Core MSCI Total International Stock ETF Stock Up 1.5 %

Shares of NASDAQ IXUS opened at $59.18 on Friday. The company has a market cap of $29.67 billion, a PE ratio of 11.82 and a beta of 0.84. The firm’s 50-day moving average price is $61.61 and its 200-day moving average price is $57.72. iShares Core MSCI Total International Stock ETF has a 52-week low of $49.42 and a 52-week high of $68.00.

Hedge Funds Weigh In On iShares Core MSCI Total International Stock ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IXUS. JPMorgan Chase & Co. boosted its holdings in shares of iShares Core MSCI Total International Stock ETF by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 218,606 shares of the company’s stock worth $14,555,000 after buying an additional 27,356 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of iShares Core MSCI Total International Stock ETF by 7.9% in the first quarter. Bank of New York Mellon Corp now owns 146,213 shares of the company’s stock worth $9,734,000 after buying an additional 10,673 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in iShares Core MSCI Total International Stock ETF by 3.4% during the first quarter. Baird Financial Group Inc. now owns 78,024 shares of the company’s stock valued at $5,195,000 after purchasing an additional 2,552 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in iShares Core MSCI Total International Stock ETF during the first quarter valued at approximately $338,853,000. Finally, IHT Wealth Management LLC lifted its holdings in iShares Core MSCI Total International Stock ETF by 41.2% during the first quarter. IHT Wealth Management LLC now owns 4,579 shares of the company’s stock valued at $305,000 after purchasing an additional 1,337 shares in the last quarter.

About iShares Core MSCI Total International Stock ETF

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The iShares Core MSCI Total International Stock ETF (IXUS) is an exchange-traded fund that is based on the MSCI AC World ex USA IMI index, a market-cap-weighted index of global stocks covering 99% of the global market capitalization outside the US. IXUS was launched on Oct 18, 2012 and is managed by BlackRock.