iShares MSCI World ETF (NYSEARCA:URTH) Sees Large Decline in Short Interest

iShares MSCI World ETF (NYSEARCA:URTH) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 490,899 shares, a decrease of 53.3% from the May 31st total of 1,050,933 shares. Based on an average daily volume of 630,021 shares, the short-interest ratio is currently 0.8 days. Approximately 1.2% of the shares of the company are short sold.

iShares MSCI World ETF Stock Performance

NYSEARCA URTH traded down $0.56 on Wednesday, hitting $202.08. 809,196 shares of the stock traded hands, compared to its average volume of 830,112. The business’s fifty day moving average is $200.42 and its two-hundred day moving average is $191.79. iShares MSCI World ETF has a 12 month low of $168.23 and a 12 month high of $206.33. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 22.04 and a beta of 0.95.

Hedge Funds Weigh In On iShares MSCI World ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URTH. Dara Capital US Inc. bought a new position in iShares MSCI World ETF during the fourth quarter valued at approximately $1,932,000. UBS Group AG lifted its holdings in shares of iShares MSCI World ETF by 14.1% in the 4th quarter. UBS Group AG now owns 180,736 shares of the company’s stock worth $33,575,000 after acquiring an additional 22,279 shares during the last quarter. Empire Life Investments Inc. boosted its stake in shares of iShares MSCI World ETF by 6.8% in the 4th quarter. Empire Life Investments Inc. now owns 82,743 shares of the company’s stock valued at $15,371,000 after purchasing an additional 5,293 shares in the last quarter. M&T Bank Corp boosted its stake in shares of iShares MSCI World ETF by 168.4% in the 4th quarter. M&T Bank Corp now owns 22,497 shares of the company’s stock valued at $4,179,000 after purchasing an additional 14,115 shares in the last quarter. Finally, Cidel Asset Management Inc. bought a new position in shares of iShares MSCI World ETF during the 4th quarter valued at $1,376,000.

iShares MSCI World ETF Company Profile

The iShares MSCI World ETF (URTH) is an exchange-traded fund that is based on the MSCI World index, a market-cap-weighted index of stocks that cover 85% of the developed world’s market capitalization. URTH was launched on Jan 10, 2012 and is managed by BlackRock.