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

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 99,374 shares, a growth of 90.4% from the June 30th total of 52,181 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 103,197 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EUSA. Bogart Wealth LLC acquired a new position in iShares MSCI USA Equal Weighted ETF in the 4th quarter valued at $25,000. Crews Bank & Trust lifted its stake in shares of 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 worth $15,674,000 after purchasing an additional 604 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 12.0% during the first quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after purchasing an additional 723 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 11.5% during the fourth quarter. Advisory Services Network LLC now owns 24,645 shares of the company’s stock worth $2,548,000 after purchasing an additional 2,534 shares during the last quarter. Finally, Crescent Grove Advisors LLC grew its position in shares of iShares MSCI USA Equal Weighted ETF by 35.0% in the first quarter. Crescent Grove Advisors LLC now owns 12,208 shares of the company’s stock valued at $1,242,000 after purchasing an additional 3,165 shares during the period.

iShares MSCI USA Equal Weighted ETF Trading Down 0.2%

Shares of NYSEARCA:EUSA traded down $0.21 during trading on Friday, reaching $114.47. The stock had a trading volume of 258,602 shares, compared to its average volume of 52,121. The firm’s 50-day simple moving average is $113.34 and its 200 day simple moving average is $108.74. iShares MSCI USA Equal Weighted ETF has a one year low of $98.24 and a one year high of $116.11. The company has a market capitalization of $1.82 billion, a P/E ratio of 20.72 and a beta of 0.96.

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.