iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Short Interest Up 86.0% in August

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 100,465 shares, a growth of 86.0% from the August 15th total of 54,001 shares. Based on an average daily volume of 61,640 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.6% of the company’s stock are short sold.

iShares MSCI USA Equal Weighted ETF Trading Up 0.6%

iShares MSCI USA Equal Weighted ETF stock traded up $0.65 during trading on Thursday, hitting $113.53. 57,068 shares of the company were exchanged, compared to its average volume of 54,778. The business’s 50 day moving average is $116.15 and its 200 day moving average is $111.18. The company has a market capitalization of $1.81 billion, a P/E ratio of 20.72 and a beta of 0.96. iShares MSCI USA Equal Weighted ETF has a 52 week low of $98.54 and a 52 week high of $119.75.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Several hedge funds have recently added to or reduced their stakes in the business. Crescent Grove Advisors LLC raised its position in iShares MSCI USA Equal Weighted ETF by 60.5% during the 4th quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock valued at $935,000 after purchasing an additional 3,408 shares during the last quarter. Goodman Financial Corp boosted its holdings in iShares MSCI USA Equal Weighted ETF by 58.0% in the first quarter. Goodman Financial Corp now owns 13,725 shares of the company’s stock worth $1,397,000 after purchasing an additional 5,040 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Equal Weighted ETF in the 4th quarter worth approximately $1,575,000. Sunbelt Securities Inc. lifted its holdings in iShares MSCI USA Equal Weighted ETF by 7.4% during the fourth quarter. Sunbelt Securities Inc. now owns 49,511 shares of the company’s stock valued at $5,118,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Palladiem LLC purchased a new stake in iShares MSCI USA Equal Weighted ETF in the 4th quarter worth $8,284,000.

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.