World Equity ETF (NYSEARCA:DFAW – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 74,734 shares, a drop of 41.5% from the August 31st total of 127,768 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 98,366 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Investors Weigh In On World Equity ETF
Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC lifted its holdings in shares of World Equity ETF by 2.6% during the first quarter. Root Financial Partners LLC now owns 6,423 shares of the company’s stock valued at $474,000 after acquiring an additional 162 shares during the period. Foster & Motley Inc. grew its holdings in shares of World Equity ETF by 4.8% in the 1st quarter. Foster & Motley Inc. now owns 3,700 shares of the company’s stock worth $273,000 after purchasing an additional 170 shares during the last quarter. Nemes Rush Group LLC increased its position in shares of World Equity ETF by 3.5% during the 4th quarter. Nemes Rush Group LLC now owns 12,277 shares of the company’s stock worth $908,000 after purchasing an additional 412 shares in the last quarter. Chico Wealth RIA increased its position in shares of World Equity ETF by 19.8% during the 4th quarter. Chico Wealth RIA now owns 4,303 shares of the company’s stock worth $318,000 after purchasing an additional 710 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its holdings in World Equity ETF by 103.0% during the 1st quarter. McIlrath & Eck LLC now owns 1,770 shares of the company’s stock valued at $131,000 after purchasing an additional 898 shares during the last quarter.
World Equity ETF Stock Performance
Shares of DFAW stock traded up $0.73 during mid-day trading on Thursday, reaching $83.04. The company’s stock had a trading volume of 85,769 shares, compared to its average volume of 86,902. The firm’s 50-day moving average is $84.44 and its two-hundred day moving average is $81.59. The company has a market cap of $1.66 billion, a P/E ratio of 19.16 and a beta of 0.89. World Equity ETF has a 1-year low of $69.71 and a 1-year high of $86.36.
About World Equity ETF
The Dimensional World Equity ETF (DFAW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of funds that invests in a broad portfolio of stocks across all market capitalizations globally. The funds objective is to provide long-term capital appreciation DFAW was launched on Sep 26, 2023 and is issued by Dimensional.
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