iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Short Interest Up 1,016.8% in February

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 88,068 shares, an increase of 1,016.8% from the January 29th total of 7,886 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 43,399 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 43,399 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.6% of the shares of the company are short sold.

iShares MSCI USA Equal Weighted ETF Stock Performance

Shares of iShares MSCI USA Equal Weighted ETF stock traded down $0.08 on Thursday, hitting $107.55. The company’s stock had a trading volume of 13,653 shares, compared to its average volume of 47,406. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 20.72 and a beta of 1.03. iShares MSCI USA Equal Weighted ETF has a 1 year low of $81.38 and a 1 year high of $108.54. The firm has a fifty day moving average price of $106.10 and a 200-day moving average price of $103.75.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

Several hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of 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 worth $629,000 after acquiring an additional 723 shares in the last quarter. Transcend Capital Advisors LLC grew its position in iShares MSCI USA Equal Weighted ETF by 109.7% during the second quarter. Transcend Capital Advisors LLC now owns 14,165 shares of the company’s stock valued at $1,404,000 after acquiring an additional 7,410 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of iShares MSCI USA Equal Weighted ETF by 6.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 388,029 shares of the company’s stock worth $38,461,000 after purchasing an additional 22,449 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI USA Equal Weighted ETF by 1,626.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 498,781 shares of the company’s stock valued at $49,439,000 after purchasing an additional 469,888 shares in the last quarter. Finally, Crescent Grove Advisors LLC increased its position in iShares MSCI USA Equal Weighted ETF by 17.0% during the 2nd quarter. Crescent Grove Advisors LLC now owns 4,043 shares of the company’s stock worth $401,000 after purchasing an additional 586 shares in the last quarter.

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.