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

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the recipient of a significant drop in short interest in 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. Based on an average daily trading volume, of 64,704 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

iShares MSCI USA Equal Weighted ETF Price Performance

Shares of NYSEARCA EUSA opened at $113.08 on Friday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 20.72 and a beta of 0.96. The company has a 50-day moving average price of $116.01 and a 200-day moving average price of $111.45. iShares MSCI USA Equal Weighted ETF has a 1 year low of $98.54 and a 1 year high of $119.75.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Crescent Grove Advisors LLC raised its stake in shares of iShares MSCI USA Equal Weighted ETF by 60.5% in the fourth quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock worth $935,000 after purchasing an additional 3,408 shares during the last quarter. Goodman Financial Corp boosted its position in shares of iShares MSCI USA Equal Weighted ETF by 58.0% during the first quarter. Goodman Financial Corp now owns 13,725 shares of the company’s stock valued at $1,397,000 after buying an additional 5,040 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in iShares MSCI USA Equal Weighted ETF during the fourth quarter worth $1,575,000. Sunbelt Securities Inc. raised its position in iShares MSCI USA Equal Weighted ETF by 7.4% in the 4th quarter. Sunbelt Securities Inc. now owns 49,511 shares of the company’s stock valued at $5,118,000 after buying an additional 3,402 shares during the last quarter. Finally, Palladiem LLC purchased a new stake in iShares MSCI USA Equal Weighted ETF in the 4th quarter valued at $8,284,000.

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.