iShares MSCI World ETF (NYSEARCA:URTH) Sees Significant Growth in Short Interest

iShares MSCI World ETF (NYSEARCA:URTH) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 735,225 shares, an increase of 62.2% from the August 15th total of 453,379 shares. Based on an average trading volume of 415,558 shares, the short-interest ratio is presently 1.8 days. Currently, 1.9% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares MSCI World ETF

Several hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in iShares MSCI World ETF during the second quarter worth about $121,000. Noble Wealth Partners LLC acquired a new position in iShares MSCI World ETF in the second quarter valued at approximately $382,000. C M Bidwell & Associates Ltd. acquired a new position in iShares MSCI World ETF in the second quarter valued at approximately $89,000. Asset Advisory Group Inc. boosted its position in iShares MSCI World ETF by 0.4% in the 2nd quarter. Asset Advisory Group Inc. now owns 13,435 shares of the company’s stock worth $2,723,000 after purchasing an additional 55 shares in the last quarter. Finally, Rathbones Group PLC purchased a new stake in iShares MSCI World ETF in the 1st quarter worth approximately $225,000.

iShares MSCI World ETF Trading Up 1.1%

Shares of URTH stock traded up $2.33 during trading hours on Thursday, hitting $207.04. The company’s stock had a trading volume of 354,318 shares, compared to its average volume of 713,430. The stock has a market cap of $8.14 billion, a PE ratio of 22.04 and a beta of 0.95. iShares MSCI World ETF has a 12-month low of $174.24 and a 12-month high of $211.94. The company has a 50 day moving average of $206.63 and a 200 day moving average of $198.74.

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.