iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Short Interest Up 90.4% in July

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 99,374 shares, an increase of 90.4% from the June 30th total of 52,181 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 103,197 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in shares of iShares MSCI USA Equal Weighted ETF in the 4th quarter worth about $25,000. NewEdge Advisors LLC boosted its stake in iShares MSCI USA Equal Weighted ETF by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock valued at $629,000 after purchasing an additional 723 shares during the period. Crescent Grove Advisors LLC boosted its stake in iShares MSCI USA Equal Weighted ETF by 60.5% during the 4th quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock valued at $935,000 after purchasing an additional 3,408 shares during the period. Finley Financial LLC grew its position in iShares MSCI USA Equal Weighted ETF by 64.3% in the 4th quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock worth $1,019,000 after purchasing an additional 3,860 shares during the last quarter. Finally, Goodman Financial Corp grew its position 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 worth $1,397,000 after purchasing an additional 5,040 shares during the last quarter.

iShares MSCI USA Equal Weighted ETF Price Performance

Shares of EUSA opened at $114.61 on Thursday. The company has a market cap of $1.82 billion, a P/E ratio of 20.72 and a beta of 0.96. The stock has a fifty day moving average price of $113.25 and a 200 day moving average price of $108.68. iShares MSCI USA Equal Weighted ETF has a 12 month low of $98.24 and a 12 month high of $116.11.

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.