iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Large Growth in Short Interest

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 97,462 shares, a growth of 161.5% from the April 30th total of 37,268 shares. Based on an average daily trading volume, of 31,154 shares, the days-to-cover ratio is presently 3.1 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter worth approximately $25,000. Transcend Capital Advisors LLC grew its position in shares of iShares MSCI USA Equal Weighted ETF by 2.4% during the 3rd quarter. Transcend Capital Advisors LLC now owns 14,512 shares of the company’s stock worth $1,494,000 after buying an additional 347 shares during the period. Crews Bank & Trust grew its position in shares of iShares MSCI USA Equal Weighted ETF by 0.4% during the 4th quarter. Crews Bank & Trust now owns 151,634 shares of the company’s stock worth $15,674,000 after buying an additional 604 shares during the period. NewEdge Advisors LLC grew its position in shares of iShares MSCI USA Equal Weighted ETF by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after buying an additional 723 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of iShares MSCI USA Equal Weighted ETF by 11.5% during the 4th quarter. Advisory Services Network LLC now owns 24,645 shares of the company’s stock worth $2,548,000 after buying an additional 2,534 shares during the period.

iShares MSCI USA Equal Weighted ETF Stock Performance

Shares of iShares MSCI USA Equal Weighted ETF stock traded up $0.62 on Friday, hitting $112.65. The stock had a trading volume of 11,364 shares, compared to its average volume of 42,013. The stock has a 50 day moving average of $106.74 and a 200 day moving average of $105.59. iShares MSCI USA Equal Weighted ETF has a twelve month low of $95.00 and a twelve month high of $112.76. The firm has a market capitalization of $1.65 billion, a P/E ratio of 20.72 and a beta of 0.97.

About iShares MSCI USA Equal Weighted ETF

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.