Short Interest in iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Increases By 190.0%

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 83,977 shares, a growth of 190.0% from the May 31st total of 28,962 shares. Based on an average daily volume of 74,722 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bogart Wealth LLC purchased a new stake in iShares MSCI USA Equal Weighted ETF in the 4th quarter worth approximately $25,000. Crews Bank & Trust raised its stake in 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 acquiring an additional 604 shares during the period. NewEdge Advisors LLC raised its stake in 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 acquiring an additional 723 shares during the period. Advisory Services Network LLC lifted its holdings in iShares MSCI USA Equal Weighted ETF by 11.5% during the fourth quarter. Advisory Services Network LLC now owns 24,645 shares of the company’s stock valued at $2,548,000 after purchasing an additional 2,534 shares in the last quarter. Finally, Crescent Grove Advisors LLC lifted its holdings in iShares MSCI USA Equal Weighted ETF by 35.0% during the first quarter. Crescent Grove Advisors LLC now owns 12,208 shares of the company’s stock valued at $1,242,000 after purchasing an additional 3,165 shares in the last quarter.

iShares MSCI USA Equal Weighted ETF Stock Up 0.4%

EUSA traded up $0.42 during midday trading on Friday, reaching $113.49. The company had a trading volume of 23,788 shares, compared to its average volume of 43,668. The business has a 50-day moving average of $110.61 and a two-hundred day moving average of $107.05. The company has a market cap of $1.66 billion, a P/E ratio of 20.72 and a beta of 0.97. iShares MSCI USA Equal Weighted ETF has a 1 year low of $98.07 and a 1 year high of $114.55.

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.