iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sees Large Decline in Short Interest

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 14,325 shares, a decrease of 44.5% from the June 30th total of 25,803 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 32,257 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SUSA. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares MSCI USA ESG Select ETF by 696.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 532,734 shares of the company’s stock valued at $74,236,000 after acquiring an additional 465,886 shares during the period. Royal Bank of Canada lifted its holdings in iShares MSCI USA ESG Select ETF by 17.2% during the fourth quarter. Royal Bank of Canada now owns 633,422 shares of the company’s stock valued at $88,263,000 after purchasing an additional 92,759 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in iShares MSCI USA ESG Select ETF by 44.6% during the third quarter. Mercer Global Advisors Inc. ADV now owns 298,212 shares of the company’s stock valued at $40,452,000 after purchasing an additional 91,997 shares in the last quarter. Quent Long Short Global Small Cap Fund LP bought a new position in shares of iShares MSCI USA ESG Select ETF in the fourth quarter worth approximately $12,776,000. Finally, Align Financial LLC bought a new position in shares of iShares MSCI USA ESG Select ETF in the fourth quarter worth approximately $6,097,000.

iShares MSCI USA ESG Select ETF Trading Down 1.3%

NYSEARCA SUSA traded down $1.92 on Wednesday, hitting $150.75. 147,939 shares of the company traded hands, compared to its average volume of 51,797. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -270.31 and a beta of 1.06. The business’s 50 day moving average price is $152.98 and its 200-day moving average price is $144.74. iShares MSCI USA ESG Select ETF has a 52-week low of $126.12 and a 52-week high of $155.87.

iShares MSCI USA ESG Select ETF Company Profile

The iShares MSCI USA ESG Select ETF (SUSA) is an exchange-traded fund that is based on the MSCI USA Extended ESG Select index. The fund tracks an index of US companies with high environmental, social and governance (ESG) factor scores as calculated by MSCI. SUSA was launched on Jan 24, 2005 and is managed by BlackRock.