iShares MSCI World ETF (NYSEARCA:URTH) Short Interest Up 62.5% in July

iShares MSCI World ETF (NYSEARCA:URTH) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 652,303 shares, a growth of 62.5% from the July 15th total of 401,488 shares. Based on an average daily trading volume, of 401,179 shares, the short-interest ratio is presently 1.6 days. Approximately 1.7% of the company’s stock are short sold.

iShares MSCI World ETF Stock Performance

Shares of NYSEARCA URTH traded down $0.78 during mid-day trading on Monday, reaching $210.43. 421,247 shares of the company traded hands, compared to its average volume of 752,091. The stock has a market cap of $8.27 billion, a PE ratio of 22.04 and a beta of 0.95. The company’s fifty day moving average is $203.66 and its two-hundred day moving average is $195.95. iShares MSCI World ETF has a fifty-two week low of $173.17 and a fifty-two week high of $211.94.

Hedge Funds Weigh In On iShares MSCI World ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URTH. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares MSCI World ETF by 2,255.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,001,044 shares of the company’s stock worth $185,964,000 after acquiring an additional 958,545 shares during the last quarter. Amundi acquired a new position in iShares MSCI World ETF during the 3rd quarter valued at $147,843,000. Royal Bank of Canada raised its stake in iShares MSCI World ETF by 17.5% during the 4th quarter. Royal Bank of Canada now owns 2,027,632 shares of the company’s stock valued at $376,672,000 after purchasing an additional 301,540 shares during the last quarter. CI Investments Inc. boosted its holdings in iShares MSCI World ETF by 255.4% in the 4th quarter. CI Investments Inc. now owns 391,402 shares of the company’s stock valued at $72,711,000 after purchasing an additional 281,273 shares during the period. Finally, Bank of America Corp DE boosted its holdings in iShares MSCI World ETF by 77.4% in the 3rd quarter. Bank of America Corp DE now owns 359,565 shares of the company’s stock valued at $65,283,000 after purchasing an additional 156,891 shares during the period.

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.