Short Interest in iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) Drops By 75.7%

iShares ESG Aware MSCI EM ETF (NASDAQ:ESGE) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 143,000 shares, a decline of 75.7% from the February 28th total of 588,700 shares. Based on an average daily volume of 699,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

iShares ESG Aware MSCI EM ETF Price Performance

ESGE traded down $0.63 during trading on Friday, reaching $35.00. 841,154 shares of the stock were exchanged, compared to its average volume of 664,896. iShares ESG Aware MSCI EM ETF has a 1 year low of $31.01 and a 1 year high of $37.72. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 14.98 and a beta of 0.75. The business’s 50 day moving average price is $35.11 and its two-hundred day moving average price is $35.01.

Institutional Investors Weigh In On iShares ESG Aware MSCI EM ETF

Large investors have recently added to or reduced their stakes in the business. TIAA Trust National Association grew its position in shares of iShares ESG Aware MSCI EM ETF by 0.6% in the fourth quarter. TIAA Trust National Association now owns 6,177,766 shares of the company’s stock valued at $206,956,000 after purchasing an additional 36,306 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares ESG Aware MSCI EM ETF by 6.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079,355 shares of the company’s stock valued at $69,430,000 after purchasing an additional 118,301 shares during the last quarter. Acorns Advisers LLC raised its stake in iShares ESG Aware MSCI EM ETF by 5.5% in the 4th quarter. Acorns Advisers LLC now owns 1,196,670 shares of the company’s stock valued at $39,957,000 after purchasing an additional 62,366 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of iShares ESG Aware MSCI EM ETF by 3.8% during the 4th quarter. Baird Financial Group Inc. now owns 102,526 shares of the company’s stock worth $3,423,000 after purchasing an additional 3,759 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of iShares ESG Aware MSCI EM ETF by 9.5% during the fourth quarter. Quent Capital LLC now owns 99,573 shares of the company’s stock worth $3,325,000 after buying an additional 8,658 shares in the last quarter.

About iShares ESG Aware MSCI EM ETF

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.