iShares MSCI World ETF (NYSEARCA:URTH) Sees Large Decline in Short Interest

iShares MSCI World ETF (NYSEARCA:URTH) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 736,792 shares, a decrease of 61.6% from the April 30th total of 1,920,988 shares. Based on an average trading volume of 731,784 shares, the short-interest ratio is currently 1.0 days. Currently, 1.7% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares MSCI World ETF

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in iShares MSCI World ETF by 6.3% in the first quarter. Royal Bank of Canada now owns 2,156,319 shares of the company’s stock valued at $388,181,000 after buying an additional 128,687 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares MSCI World ETF by 2,255.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,001,044 shares of the company’s stock worth $185,964,000 after purchasing an additional 958,545 shares during the period. Amundi acquired a new position in shares of iShares MSCI World ETF during the third quarter worth approximately $147,843,000. CI Investments Inc. raised 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 worth $72,711,000 after purchasing an additional 281,273 shares during the period. Finally, Bank of America Corp DE raised its position in iShares MSCI World ETF by 77.4% in the 3rd quarter. Bank of America Corp DE now owns 359,565 shares of the company’s stock valued at $65,283,000 after buying an additional 156,891 shares during the last quarter.

iShares MSCI World ETF Trading Up 0.2%

URTH stock traded up $0.43 during trading on Monday, hitting $205.36. The company had a trading volume of 545,048 shares, compared to its average volume of 814,639. The business has a 50-day moving average of $193.09 and a 200-day moving average of $189.14. iShares MSCI World ETF has a one year low of $162.42 and a one year high of $205.80. The stock has a market cap of $8.75 billion, a PE ratio of 22.04 and a beta of 0.95.

iShares MSCI World ETF Company Profile

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.