Short Interest in iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Increases By 190.0%

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 83,977 shares, an increase of 190.0% from the May 31st total of 28,962 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 74,722 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC bought a new position in iShares MSCI USA Equal Weighted ETF in the fourth quarter worth approximately $25,000. NewEdge Advisors LLC increased its stake in shares of iShares MSCI USA Equal Weighted ETF by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after purchasing an additional 723 shares in the last quarter. Goodman Financial Corp increased its stake in shares of iShares MSCI USA Equal Weighted ETF by 217.8% in the 4th quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock worth $898,000 after purchasing an additional 5,952 shares in the last quarter. Crescent Grove Advisors LLC increased its stake in shares of iShares MSCI USA Equal Weighted ETF by 60.5% in the 4th quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock worth $935,000 after purchasing an additional 3,408 shares in the last quarter. Finally, Finley Financial LLC raised its holdings in iShares MSCI USA Equal Weighted ETF by 64.3% in the 4th quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock worth $1,019,000 after purchasing an additional 3,860 shares during the period.

iShares MSCI USA Equal Weighted ETF Stock Performance

Shares of NYSEARCA EUSA traded up $0.42 during midday trading on Friday, hitting $113.49. 23,788 shares of the company’s stock traded hands, compared to its average volume of 43,668. The firm has a fifty day moving average of $110.61 and a 200 day moving average of $107.05. iShares MSCI USA Equal Weighted ETF has a 1 year low of $98.07 and a 1 year high of $114.55. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 20.72 and a beta of 0.97.

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.