Short Interest in World Equity ETF (NYSEARCA:DFAW) Drops By 41.5%

World Equity ETF (NYSEARCA:DFAW) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 69,405 shares, a decline of 41.5% from the April 30th total of 118,604 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 71,152 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On World Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of DFAW. JPMorgan Chase & Co. increased its position in World Equity ETF by 100,785.2% during the second quarter. JPMorgan Chase & Co. now owns 81,717 shares of the company’s stock worth $5,482,000 after buying an additional 81,636 shares in the last quarter. Monograph Wealth Advisors LLC increased its position in World Equity ETF by 15.7% during the second quarter. Monograph Wealth Advisors LLC now owns 14,579 shares of the company’s stock worth $978,000 after buying an additional 1,975 shares in the last quarter. Cary Street Partners Financial LLC increased its position in World Equity ETF by 23.3% during the third quarter. Cary Street Partners Financial LLC now owns 13,626 shares of the company’s stock worth $979,000 after buying an additional 2,572 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its position in World Equity ETF by 5.5% during the third quarter. Mosaic Family Wealth Partners LLC now owns 21,257 shares of the company’s stock worth $1,523,000 after buying an additional 1,115 shares in the last quarter. Finally, Nemes Rush Group LLC increased its position in World Equity ETF by 5.2% during the third quarter. Nemes Rush Group LLC now owns 11,865 shares of the company’s stock worth $853,000 after buying an additional 591 shares in the last quarter.

World Equity ETF Stock Performance

DFAW stock traded up $0.31 during midday trading on Thursday, hitting $83.44. 55,194 shares of the stock were exchanged, compared to its average volume of 79,252. The stock’s 50-day moving average price is $79.08 and its 200-day moving average price is $76.64. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 19.16 and a beta of 0.90. World Equity ETF has a fifty-two week low of $64.74 and a fifty-two week high of $84.03.

About World Equity ETF

The Dimensional World Equity ETF (DFAW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of funds that invests in a broad portfolio of stocks across all market capitalizations globally. The funds objective is to provide long-term capital appreciation DFAW was launched on Sep 26, 2023 and is issued by Dimensional.