Short Interest in iShares MSCI World ETF (NYSEARCA:URTH) Declines By 61.6%

iShares MSCI World ETF (NYSEARCA:URTH) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 736,792 shares, a decline of 61.6% from the April 30th total of 1,920,988 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 731,784 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On iShares MSCI World ETF

Several hedge funds and other institutional investors have recently made changes to their positions in URTH. Assetmark Inc. acquired a new position in shares of iShares MSCI World ETF in the 1st quarter valued at approximately $33,000. Tiff Advisory Services LLC bought a new stake in shares of iShares MSCI World ETF during the 4th quarter valued at approximately $37,000. Clearstead Advisors LLC grew its holdings in shares of iShares MSCI World ETF by 107.9% during the 3rd quarter. Clearstead Advisors LLC now owns 262 shares of the company’s stock valued at $48,000 after purchasing an additional 136 shares during the last quarter. MAI Capital Management bought a new stake in shares of iShares MSCI World ETF during the 3rd quarter valued at approximately $50,000. Finally, Comerica Bank grew its holdings in shares of iShares MSCI World ETF by 51.1% during the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock valued at $51,000 after purchasing an additional 95 shares during the last quarter.

iShares MSCI World ETF Stock Up 0.1%

Shares of NYSEARCA:URTH traded up $0.13 during midday trading on Friday, hitting $204.93. The stock had a trading volume of 1,855,211 shares, compared to its average volume of 817,282. The company’s 50-day moving average price is $192.61 and its 200-day moving average price is $189.00. The company has a market capitalization of $8.73 billion, a P/E ratio of 22.04 and a beta of 0.95. iShares MSCI World ETF has a fifty-two week low of $161.91 and a fifty-two week high of $205.65.

About iShares MSCI World ETF

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.