Short Interest in iShares MSCI World ETF (NYSEARCA:URTH) Declines By 38.9%

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

Institutional Investors Weigh In On iShares MSCI World ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. purchased a new position in shares of iShares MSCI World ETF during the first quarter worth about $33,000. Tiff Advisory Services LLC purchased a new stake in shares of iShares MSCI World ETF in the 4th quarter valued at about $37,000. 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 valued at $51,000 after purchasing an additional 95 shares during the period. Guardian Partners Inc. acquired a new stake in shares of iShares MSCI World ETF in the 1st quarter valued at about $53,000. Finally, Fifth Third Bancorp acquired a new stake in shares of iShares MSCI World ETF in the 1st quarter valued at about $57,000.

iShares MSCI World ETF Price Performance

Shares of NYSEARCA:URTH traded down $0.58 during trading on Thursday, hitting $204.17. 104,772 shares of the company were exchanged, compared to its average volume of 799,053. The firm’s 50 day moving average price is $202.16 and its 200-day moving average price is $193.15. iShares MSCI World ETF has a 12-month low of $168.23 and a 12-month high of $206.33. The stock has a market capitalization of $8.13 billion, a P/E ratio of 22.04 and a beta of 0.95.

iShares MSCI World ETF Company Profile

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.