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

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 7,886 shares, a decline of 49.2% from the January 15th total of 15,509 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 43,428 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 43,428 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

iShares MSCI USA Equal Weighted ETF Stock Up 1.0%

EUSA traded up $1.10 during trading on Friday, reaching $107.36. 36,994 shares of the stock traded hands, compared to its average volume of 51,713. The stock’s 50-day moving average is $105.56 and its 200 day moving average is $103.34. iShares MSCI USA Equal Weighted ETF has a 12 month low of $81.38 and a 12 month high of $108.54. The stock has a market capitalization of $1.55 billion, a PE ratio of 20.72 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI USA Equal Weighted ETF

Hedge funds have recently added to or reduced their stakes in the business. Bogart Wealth LLC bought a new position in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter worth approximately $25,000. Davidson Trust Co. acquired a new position in shares of iShares MSCI USA Equal Weighted ETF during the 3rd quarter valued at $258,000. Crescent Grove Advisors LLC boosted its stake in iShares MSCI USA Equal Weighted ETF by 17.0% during the second quarter. Crescent Grove Advisors LLC now owns 4,043 shares of the company’s stock worth $401,000 after acquiring an additional 586 shares in the last quarter. NewEdge Advisors LLC boosted its stake in 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 acquiring an additional 723 shares in the last quarter. Finally, Goodman Financial Corp grew its holdings in iShares MSCI USA Equal Weighted ETF by 217.8% in the fourth quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock worth $898,000 after purchasing an additional 5,952 shares during the period.

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.