iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Large Growth in Short Interest

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 97,462 shares, an increase of 161.5% from the April 30th total of 37,268 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 31,154 shares, the days-to-cover ratio is currently 3.1 days.

iShares MSCI USA Equal Weighted ETF Stock Performance

Shares of EUSA stock traded up $0.62 during trading hours on Friday, hitting $112.65. 11,364 shares of the company were exchanged, compared to its average volume of 42,013. The firm has a market cap of $1.65 billion, a P/E ratio of 20.72 and a beta of 0.97. iShares MSCI USA Equal Weighted ETF has a fifty-two week low of $95.00 and a fifty-two week high of $112.76. The company has a 50 day simple moving average of $106.74 and a two-hundred day simple moving average of $105.59.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in iShares MSCI USA Equal Weighted ETF by 8.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after purchasing an additional 40,568 shares during the period. Calydon Capital lifted its stake in iShares MSCI USA Equal Weighted ETF by 37.5% during the 4th quarter. Calydon Capital now owns 283,196 shares of the company’s stock valued at $29,274,000 after acquiring an additional 77,244 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in iShares MSCI USA Equal Weighted ETF by 5.2% during the 1st quarter. Arkadios Wealth Advisors now owns 251,323 shares of the company’s stock valued at $25,577,000 after acquiring an additional 12,457 shares in the last quarter. Davidson Investment Advisors lifted its stake in iShares MSCI USA Equal Weighted ETF by 4.9% during the 4th quarter. Davidson Investment Advisors now owns 234,544 shares of the company’s stock valued at $24,245,000 after acquiring an additional 10,936 shares in the last quarter. Finally, Crews Bank & Trust lifted 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 valued at $15,674,000 after acquiring an additional 604 shares in the last quarter.

About iShares MSCI USA Equal Weighted ETF

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.