iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Short Interest Update

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 52,181 shares, a decline of 37.9% from the June 15th total of 83,977 shares. Based on an average daily volume of 29,094 shares, the short-interest ratio is presently 1.8 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares MSCI USA Equal Weighted ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EUSA. Cary Street Partners Financial LLC acquired a new stake in iShares MSCI USA Equal Weighted ETF in the fourth quarter valued at approximately $1,575,000. Palladiem LLC purchased a new position in shares of iShares MSCI USA Equal Weighted ETF during the 4th quarter valued at approximately $8,284,000. Davidson Investment Advisors grew its stake in iShares MSCI USA Equal Weighted ETF by 4.9% in the 4th quarter. Davidson Investment Advisors now owns 234,544 shares of the company’s stock valued at $24,245,000 after acquiring an additional 10,936 shares during the period. Goodman Financial Corp grew its stake in iShares MSCI USA Equal Weighted ETF by 217.8% in the 4th quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock valued at $898,000 after acquiring an additional 5,952 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in iShares MSCI USA Equal Weighted ETF by 8.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 539,349 shares of the company’s stock worth $55,537,000 after acquiring an additional 40,568 shares in the last quarter.

iShares MSCI USA Equal Weighted ETF Price Performance

Shares of EUSA opened at $114.79 on Friday. The firm has a market cap of $1.81 billion, a P/E ratio of 20.72 and a beta of 0.96. iShares MSCI USA Equal Weighted ETF has a 1 year low of $98.24 and a 1 year high of $115.97. The stock has a 50 day simple moving average of $112.33 and a two-hundred day simple moving average of $108.09.

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.