iShares MSCI World ETF (NYSEARCA:URTH) Short Interest Up 62.5% in July

iShares MSCI World ETF (NYSEARCA:URTH) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 652,303 shares, a growth of 62.5% from the July 15th total of 401,488 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 401,179 shares, the short-interest ratio is currently 1.6 days.

iShares MSCI World ETF Price Performance

Shares of NYSEARCA:URTH traded down $0.78 on Monday, reaching $210.43. 421,247 shares of the company traded hands, compared to its average volume of 752,091. iShares MSCI World ETF has a fifty-two week low of $173.17 and a fifty-two week high of $211.94. The company’s 50 day moving average is $203.66 and its 200-day moving average is $195.95. The stock has a market capitalization of $8.27 billion, a PE ratio of 22.04 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of iShares MSCI World ETF during the first quarter valued at approximately $33,000. Tiff Advisory Services LLC acquired a new position in iShares MSCI World ETF in the 4th quarter worth approximately $37,000. Comerica Bank grew its position in iShares MSCI World ETF by 51.1% during the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after purchasing an additional 95 shares in the last quarter. Guardian Partners Inc. purchased a new position in iShares MSCI World ETF during the 1st quarter worth approximately $53,000. Finally, Fifth Third Bancorp acquired a new stake in iShares MSCI World ETF during the 1st quarter valued at $57,000.

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.