iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Short Interest Down 37.9% in June

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 52,181 shares, a drop of 37.9% from the June 15th total of 83,977 shares. Based on an average daily volume of 29,094 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors boosted its stake in 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 in the last quarter. Sunbelt Securities Inc. raised its position in iShares MSCI USA Equal Weighted ETF by 26.5% in the first quarter. Sunbelt Securities Inc. now owns 62,653 shares of the company’s stock worth $6,376,000 after acquiring an additional 13,142 shares in the last quarter. Crescent Grove Advisors LLC lifted its holdings in iShares MSCI USA Equal Weighted ETF by 35.0% in the 1st quarter. Crescent Grove Advisors LLC now owns 12,208 shares of the company’s stock valued at $1,242,000 after acquiring an additional 3,165 shares during the last quarter. Goodman Financial Corp lifted its holdings in iShares MSCI USA Equal Weighted ETF by 58.0% in the 1st quarter. Goodman Financial Corp now owns 13,725 shares of the company’s stock valued at $1,397,000 after acquiring an additional 5,040 shares during the last quarter. Finally, Calydon Capital boosted its position in shares of 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 purchasing an additional 77,244 shares in the last quarter.

iShares MSCI USA Equal Weighted ETF Stock Performance

NYSEARCA:EUSA opened at $114.79 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 20.72 and a beta of 0.96. iShares MSCI USA Equal Weighted ETF has a one year low of $98.24 and a one year high of $115.97. The stock has a 50-day simple moving average of $112.33 and a 200 day simple moving average of $108.09.

About iShares MSCI USA Equal Weighted ETF

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.