iShares MSCI World ETF (NYSEARCA:URTH) Short Interest Up 447.4% in April

iShares MSCI World ETF (NYSEARCA:URTH) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 1,920,988 shares, an increase of 447.4% from the April 15th total of 350,960 shares. Based on an average trading volume of 2,527,743 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.5% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares MSCI World ETF

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in iShares MSCI World ETF by 17.5% during the 4th quarter. Royal Bank of Canada now owns 2,027,632 shares of the company’s stock worth $376,672,000 after acquiring an additional 301,540 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares MSCI World ETF by 2,255.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,001,044 shares of the company’s stock valued at $185,964,000 after purchasing an additional 958,545 shares during the last quarter. Amundi purchased a new stake in shares of iShares MSCI World ETF in the third quarter valued at about $147,843,000. CI Investments Inc. lifted its position in shares of iShares MSCI World ETF by 255.4% during the fourth quarter. CI Investments Inc. now owns 391,402 shares of the company’s stock valued at $72,711,000 after purchasing an additional 281,273 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of iShares MSCI World ETF by 77.4% during the third quarter. Bank of America Corp DE now owns 359,565 shares of the company’s stock valued at $65,283,000 after purchasing an additional 156,891 shares in the last quarter.

iShares MSCI World ETF Stock Performance

Shares of URTH opened at $200.57 on Wednesday. iShares MSCI World ETF has a 52 week low of $159.63 and a 52 week high of $201.29. The stock has a 50 day moving average price of $188.26 and a two-hundred day moving average price of $187.37. The firm has a market capitalization of $8.54 billion, a P/E ratio of 22.04 and a beta of 0.95.

About iShares MSCI World ETF

The iShares MSCI World ETF (URTH) is an exchange-traded fund that is based on the MSCI World index, a market-cap-weighted index of stocks that cover 85% of the developed world’s market capitalization. URTH was launched on Jan 10, 2012 and is managed by BlackRock.