iShares MSCI World ETF (NYSEARCA:URTH – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 490,899 shares, a drop of 53.3% from the May 31st total of 1,050,933 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 630,021 shares, the days-to-cover ratio is currently 0.8 days.
iShares MSCI World ETF Stock Up 0.7%
Shares of URTH stock traded up $1.40 during mid-day trading on Tuesday, reaching $202.64. 738,596 shares of the company’s stock traded hands, compared to its average volume of 830,283. The company’s 50-day moving average price is $200.29 and its 200-day moving average price is $191.68. The company has a market cap of $8.63 billion, a P/E ratio of 22.04 and a beta of 0.95. iShares MSCI World ETF has a 12 month low of $168.23 and a 12 month high of $206.33.
Institutional Investors Weigh In On iShares MSCI World ETF
Several hedge funds have recently bought and sold shares of the business. Assetmark Inc. purchased a new stake in iShares MSCI World ETF in the first quarter worth about $33,000. Tiff Advisory Services LLC purchased a new position in shares of iShares MSCI World ETF during the fourth quarter valued at approximately $37,000. Clearstead Advisors LLC boosted its position in shares of iShares MSCI World ETF by 107.9% in the 3rd quarter. Clearstead Advisors LLC now owns 262 shares of the company’s stock worth $48,000 after purchasing an additional 136 shares in the last quarter. MAI Capital Management bought a new stake in shares of iShares MSCI World ETF in the 3rd quarter worth approximately $50,000. Finally, Comerica Bank boosted its position in shares of iShares MSCI World ETF by 51.1% in the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after purchasing an additional 95 shares in the last quarter.
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.
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