Short Interest in World Equity ETF (NYSEARCA:DFAW) Drops By 63.0%

World Equity ETF (NYSEARCA:DFAWGet Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 48,224 shares, a drop of 63.0% from the May 31st total of 130,496 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 70,253 shares, the short-interest ratio is presently 0.7 days.

World Equity ETF Trading Up 0.3%

DFAW stock traded up $0.23 during trading on Monday, reaching $82.46. 94,717 shares of the stock were exchanged, compared to its average volume of 80,015. The firm’s 50 day moving average is $81.66 and its 200 day moving average is $77.89. World Equity ETF has a twelve month low of $66.77 and a twelve month high of $84.49. The firm has a market cap of $1.34 billion, a P/E ratio of 19.16 and a beta of 0.90.

Hedge Funds Weigh In On World Equity ETF

A number of institutional investors have recently modified their holdings of DFAW. McIlrath & Eck LLC grew its position in World Equity ETF by 103.0% in the 1st quarter. McIlrath & Eck LLC now owns 1,770 shares of the company’s stock valued at $131,000 after purchasing an additional 898 shares during the period. Frankly Finances LLC bought a new position in shares of World Equity ETF in the fourth quarter valued at $168,000. LRI Investments LLC lifted its stake in shares of World Equity ETF by 9.9% in the fourth quarter. LRI Investments LLC now owns 2,462 shares of the company’s stock valued at $182,000 after buying an additional 222 shares in the last quarter. USAdvisors Wealth Management LLC acquired a new position in shares of World Equity ETF during the first quarter valued at about $200,000. Finally, Tradewinds LLC. acquired a new position in shares of World Equity ETF during the first quarter valued at about $205,000.

About World Equity ETF

(Get Free Report)

The Dimensional World Equity ETF (DFAW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of funds that invests in a broad portfolio of stocks across all market capitalizations globally. The funds objective is to provide long-term capital appreciation DFAW was launched on Sep 26, 2023 and is issued by Dimensional.

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