iShares Inc. (NYSEARCA:IEMG) Short Interest Down 47.0% in December

iShares Inc. (NYSEARCA:IEMG) was the recipient of a large drop in short interest in December. As of December 29th, there was short interest totalling 5,229,932 shares, a drop of 47.0% from the December 15th total of 9,861,870 shares. Based on an average trading volume of 7,237,177 shares, the days-to-cover ratio is presently 0.7 days.

Shares of iShares (IEMG) traded up $1.38 during trading hours on Wednesday, hitting $58.77. 2,970,000 shares of the stock traded hands. iShares has a 12 month low of $45.45 and a 12 month high of $62.70.

A number of institutional investors and hedge funds have recently made changes to their positions in IEMG. Trustcore Financial Services LLC bought a new position in iShares in the fourth quarter valued at approximately $103,000. Capital Advisors Ltd. LLC bought a new position in iShares in the fourth quarter valued at approximately $105,000. Avestar Capital LLC bought a new stake in shares of iShares in the fourth quarter worth $124,000. Motco lifted its position in shares of iShares by 69.2% in the fourth quarter. Motco now owns 2,442 shares of the company’s stock worth $139,000 after purchasing an additional 999 shares in the last quarter. Finally, Daiwa SB Investments Ltd. lifted its position in shares of iShares by 108.8% in the fourth quarter. Daiwa SB Investments Ltd. now owns 2,860 shares of the company’s stock worth $163,000 after purchasing an additional 1,490 shares in the last quarter.

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