Short Interest in iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Declines By 70.3%

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 28,962 shares, a decline of 70.3% from the May 14th total of 97,462 shares. Based on an average daily volume of 25,704 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the stock are sold short.

iShares MSCI USA Equal Weighted ETF Trading Up 0.7%

Shares of EUSA traded up $0.75 during mid-day trading on Friday, reaching $113.30. The company’s stock had a trading volume of 35,033 shares, compared to its average volume of 45,317. iShares MSCI USA Equal Weighted ETF has a 52 week low of $95.82 and a 52 week high of $113.50. The company’s fifty day moving average price is $108.94 and its two-hundred day moving average price is $106.37. The stock has a market cap of $1.66 billion, a PE ratio of 20.72 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Palladiem LLC bought a new position in iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $8,284,000. Calydon Capital lifted its stake in iShares MSCI USA Equal Weighted ETF by 37.5% during the 4th quarter. Calydon Capital now owns 283,196 shares of the company’s stock valued at $29,274,000 after acquiring an additional 77,244 shares during the period. JPMorgan Chase & Co. lifted its stake in iShares MSCI USA Equal Weighted ETF by 8.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock valued at $55,537,000 after acquiring an additional 40,568 shares during the period. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at about $1,575,000. Finally, Sunbelt Securities Inc. lifted its stake in iShares MSCI USA Equal Weighted ETF by 26.5% during the 1st quarter. Sunbelt Securities Inc. now owns 62,653 shares of the company’s stock valued at $6,376,000 after acquiring an additional 13,142 shares during the period.

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.