iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA – Get Free Report) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 52,181 shares, a drop of 37.9% from the June 15th total of 83,977 shares. Based on an average daily volume of 29,094 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.3% of the shares of the company are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of EUSA. Bogart Wealth LLC purchased a new position in iShares MSCI USA Equal Weighted ETF in the 4th quarter valued at approximately $25,000. NewEdge Advisors LLC lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 12.0% during the first quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after acquiring an additional 723 shares in the last quarter. Goodman Financial Corp boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 217.8% in the fourth quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock worth $898,000 after acquiring an additional 5,952 shares during the period. Crescent Grove Advisors LLC boosted its holdings in shares of 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 acquiring an additional 3,408 shares during the period. Finally, Finley Financial LLC grew its position in shares of iShares MSCI USA Equal Weighted ETF by 64.3% in the fourth quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock valued at $1,019,000 after purchasing an additional 3,860 shares in the last quarter.
iShares MSCI USA Equal Weighted ETF Trading Down 0.7%
NYSEARCA EUSA opened at $113.94 on Friday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 20.72 and a beta of 0.96. iShares MSCI USA Equal Weighted ETF has a 1-year low of $98.24 and a 1-year high of $115.97. The company has a 50 day moving average of $112.43 and a 200-day moving average of $108.13.
iShares MSCI USA Equal Weighted ETF Company Profile
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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