Short Interest in iShares MSCI World ETF (NYSEARCA:URTH) Declines By 38.9%

iShares MSCI World ETF (NYSEARCA:URTH) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 299,972 shares, a decrease of 38.9% from the June 15th total of 490,899 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 1,183,279 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On iShares MSCI World ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Asset Advisory Group Inc. lifted its position in shares of iShares MSCI World ETF by 0.4% during the 2nd quarter. Asset Advisory Group Inc. now owns 13,435 shares of the company’s stock worth $2,723,000 after purchasing an additional 55 shares during the last quarter. AlTi Global Inc. increased its holdings in shares of iShares MSCI World ETF by 1.0% in the 4th quarter. AlTi Global Inc. now owns 6,131 shares of the company’s stock valued at $1,139,000 after acquiring an additional 59 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of iShares MSCI World ETF by 2.9% in the 1st quarter. Chicago Partners Investment Group LLC now owns 2,910 shares of the company’s stock valued at $567,000 after acquiring an additional 82 shares during the last quarter. Sagespring Wealth Partners LLC raised its position in shares of iShares MSCI World ETF by 2.6% during the 4th quarter. Sagespring Wealth Partners LLC now owns 3,428 shares of the company’s stock worth $637,000 after acquiring an additional 86 shares in the last quarter. Finally, Comerica Bank raised its position in shares of iShares MSCI World ETF by 51.1% during the 3rd quarter. Comerica Bank now owns 281 shares of the company’s stock worth $51,000 after acquiring an additional 95 shares in the last quarter.

iShares MSCI World ETF Price Performance

Shares of NYSEARCA URTH traded down $0.58 during midday trading on Thursday, hitting $204.17. The company’s stock had a trading volume of 104,772 shares, compared to its average volume of 799,053. The business’s fifty day simple moving average is $202.16 and its two-hundred day simple moving average is $193.15. iShares MSCI World ETF has a 1 year low of $168.23 and a 1 year high of $206.33. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 22.04 and a beta of 0.95.

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.