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

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

iShares MSCI USA Equal Weighted ETF Price Performance

Shares of NYSEARCA:EUSA traded up $0.08 during midday trading on Tuesday, hitting $114.20. The company had a trading volume of 14,469 shares, compared to its average volume of 43,344. iShares MSCI USA Equal Weighted ETF has a twelve month low of $98.24 and a twelve month high of $114.55. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 20.72 and a beta of 0.97. The business’s 50-day simple moving average is $110.75 and its 200-day simple moving average is $107.15.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EUSA. Bogart Wealth LLC acquired a new position in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $25,000. NewEdge Advisors LLC increased its position 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 purchasing an additional 723 shares during the last quarter. Goodman Financial Corp raised its stake in iShares MSCI USA Equal Weighted ETF by 217.8% during 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. Crescent Grove Advisors LLC raised its stake in iShares MSCI USA Equal Weighted ETF by 60.5% during the fourth 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 during the period. Finally, Finley Financial LLC boosted 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 valued at $1,019,000 after purchasing an additional 3,860 shares during the last quarter.

About iShares MSCI USA Equal Weighted ETF

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.