iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 28,737 shares, a drop of 71.4% from the August 31st total of 100,465 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 64,704 shares, the short-interest ratio is currently 0.4 days.
Institutional Trading of iShares MSCI USA Equal Weighted ETF
Hedge funds have recently bought and sold shares of the business. Crescent Grove Advisors LLC boosted its position in iShares MSCI USA Equal Weighted ETF by 60.5% in the fourth quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock worth $935,000 after purchasing an additional 3,408 shares during the last quarter. Goodman Financial Corp raised its stake in shares of iShares MSCI USA Equal Weighted ETF by 58.0% during the 1st quarter. Goodman Financial Corp now owns 13,725 shares of the company’s stock worth $1,397,000 after purchasing an additional 5,040 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Equal Weighted ETF in the 4th quarter worth about $1,575,000. Sunbelt Securities Inc. boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 7.4% in the 4th quarter. Sunbelt Securities Inc. now owns 49,511 shares of the company’s stock worth $5,118,000 after buying an additional 3,402 shares during the last quarter. Finally, Palladiem LLC bought a new position in iShares MSCI USA Equal Weighted ETF during the fourth quarter valued at about $8,284,000.
iShares MSCI USA Equal Weighted ETF Stock Up 0.3%
iShares MSCI USA Equal Weighted ETF stock opened at $113.08 on Friday. iShares MSCI USA Equal Weighted ETF has a 52 week low of $98.54 and a 52 week high of $119.75. The company’s 50 day moving average price is $116.01 and its two-hundred day moving average price is $111.45. The stock has a market cap of $1.90 billion, a P/E ratio of 20.72 and a beta of 0.96.
About iShares MSCI USA Equal Weighted ETF
iShares MSCI USA ETF, formerly iShares MSCI USA Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment resulte that correspond to the price and yield performance of the MSCI USA Index (the Underlying Index). The Underlying Index is a market capitalization weighted index designed to measure the performance of equity securities in the 85% by market capitalization of equity securities listed on stock exchanges in the United States. The Fund invests at least 90% of its assets in the securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.
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