iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Sees Significant Decrease in Short Interest

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 28,737 shares, a drop of 71.4% from the August 31st total of 100,465 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 64,704 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors increased its position in shares of iShares MSCI USA Equal Weighted ETF by 5.2% during the first quarter. Arkadios Wealth Advisors now owns 251,323 shares of the company’s stock valued at $25,577,000 after buying an additional 12,457 shares during the period. Palladiem LLC bought a new stake in iShares MSCI USA Equal Weighted ETF in the 4th quarter worth approximately $8,284,000. Sunbelt Securities Inc. grew its holdings in iShares MSCI USA Equal Weighted ETF by 26.5% during the first quarter. Sunbelt Securities Inc. now owns 62,653 shares of the company’s stock valued at $6,376,000 after purchasing an additional 13,142 shares during the period. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Equal Weighted ETF in the 4th quarter worth approximately $1,575,000. Finally, Goodman Financial Corp increased its position in iShares MSCI USA Equal Weighted ETF by 58.0% in the first quarter. Goodman Financial Corp now owns 13,725 shares of the company’s stock worth $1,397,000 after purchasing an additional 5,040 shares during the last quarter.

iShares MSCI USA Equal Weighted ETF Stock Up 0.3%

EUSA traded up $0.34 during trading on Friday, reaching $113.08. 31,626 shares of the stock traded hands, compared to its average volume of 55,609. The stock has a market capitalization of $1.90 billion, a PE ratio of 20.72 and a beta of 0.96. The stock’s 50-day moving average is $116.01 and its 200 day moving average is $111.49. iShares MSCI USA Equal Weighted ETF has a 12 month low of $98.54 and a 12 month high of $119.75.

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.