World Equity ETF (NYSEARCA:DFAW) Sees Significant Decline in Short Interest

World Equity ETF (NYSEARCA:DFAW) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 66,789 shares, a decline of 24.6% from the March 15th total of 88,533 shares. Based on an average daily trading volume, of 77,026 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

World Equity ETF Stock Up 1.2%

DFAW traded up $0.92 during trading on Friday, hitting $79.85. The company’s stock had a trading volume of 120,154 shares, compared to its average volume of 83,509. World Equity ETF has a twelve month low of $56.79 and a twelve month high of $80.21. The stock’s fifty day moving average price is $76.18 and its 200-day moving average price is $74.57. The firm has a market capitalization of $1.26 billion, a P/E ratio of 19.16 and a beta of 0.93.

Hedge Funds Weigh In On World Equity ETF

A number of institutional investors have recently modified their holdings of the company. LRI Investments LLC raised its position in shares of World Equity ETF by 9.9% during the fourth quarter. LRI Investments LLC now owns 2,462 shares of the company’s stock worth $182,000 after purchasing an additional 222 shares during the period. Coston McIsaac & Partners raised its position in shares of World Equity ETF by 11.2% during the fourth quarter. Coston McIsaac & Partners now owns 2,997 shares of the company’s stock worth $221,000 after purchasing an additional 302 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of World Equity ETF by 4.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,497 shares of the company’s stock worth $629,000 after purchasing an additional 328 shares during the period. Nemes Rush Group LLC raised its position in shares of World Equity ETF by 3.5% during the fourth quarter. Nemes Rush Group LLC now owns 12,277 shares of the company’s stock worth $908,000 after purchasing an additional 412 shares during the period. Finally, Mosaic Family Wealth Partners LLC raised its position in shares of World Equity ETF by 2.4% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 21,773 shares of the company’s stock worth $1,611,000 after purchasing an additional 516 shares during the period.

World Equity ETF Company Profile

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.