Short Interest in iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Rises By 190.0%

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

iShares MSCI USA Equal Weighted ETF Stock Performance

Shares of EUSA stock traded up $0.63 during trading hours on Monday, hitting $114.12. 33,334 shares of the company were exchanged, compared to its average volume of 43,583. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 20.72 and a beta of 0.97. iShares MSCI USA Equal Weighted ETF has a one year low of $98.24 and a one year high of $114.55. The business’s 50-day simple moving average is $110.75 and its two-hundred day simple moving average is $107.15.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at approximately $1,575,000. Palladiem LLC acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF during the fourth quarter worth $8,284,000. Davidson Investment Advisors raised its holdings in shares of iShares MSCI USA Equal Weighted ETF by 4.9% during the fourth quarter. Davidson Investment Advisors now owns 234,544 shares of the company’s stock worth $24,245,000 after purchasing an additional 10,936 shares during the period. Goodman Financial Corp lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 217.8% in the 4th quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock worth $898,000 after buying an additional 5,952 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA Equal Weighted ETF by 8.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock worth $55,537,000 after buying an additional 40,568 shares during the last quarter.

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.