iShares MSCI World ETF (NYSEARCA:URTH) Short Interest Down 38.9% in June

iShares MSCI World ETF (NYSEARCA:URTH) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 299,972 shares, a decline of 38.9% from the June 15th total of 490,899 shares. Based on an average daily volume of 1,183,279 shares, the short-interest ratio is currently 0.3 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in iShares MSCI World ETF by 6.3% during the first quarter. Royal Bank of Canada now owns 2,156,319 shares of the company’s stock worth $388,181,000 after acquiring an additional 128,687 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares MSCI World ETF by 2,255.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,001,044 shares of the company’s stock worth $185,964,000 after purchasing an additional 958,545 shares during the period. Amundi bought a new position in shares of iShares MSCI World ETF during the third quarter worth approximately $147,843,000. CI Investments Inc. increased its stake in shares of iShares MSCI World ETF by 255.4% during the fourth quarter. CI Investments Inc. now owns 391,402 shares of the company’s stock worth $72,711,000 after purchasing an additional 281,273 shares during the period. Finally, Bank of America Corp DE lifted its holdings in iShares MSCI World ETF by 77.4% during the 3rd quarter. Bank of America Corp DE now owns 359,565 shares of the company’s stock worth $65,283,000 after purchasing an additional 156,891 shares during the last quarter.

iShares MSCI World ETF Price Performance

Shares of URTH opened at $201.90 on Friday. The company’s 50-day moving average is $202.27 and its 200-day moving average is $193.32. The firm has a market capitalization of $8.04 billion, a PE ratio of 22.04 and a beta of 0.95. iShares MSCI World ETF has a fifty-two week low of $168.23 and a fifty-two week high of $206.33.

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.