iShares MSCI World ETF (NYSEARCA:URTH) Sees Significant Growth in Short Interest

iShares MSCI World ETF (NYSEARCA:URTH) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 652,303 shares, a growth of 62.5% from the July 15th total of 401,488 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 401,179 shares, the days-to-cover ratio is presently 1.6 days.

iShares MSCI World ETF Price Performance

Shares of NYSEARCA:URTH traded down $1.69 on Tuesday, hitting $208.74. The company’s stock had a trading volume of 328,993 shares, compared to its average volume of 749,396. The company has a 50-day simple moving average of $203.66 and a 200 day simple moving average of $195.95. iShares MSCI World ETF has a 1 year low of $173.17 and a 1 year high of $211.94. The company has a market capitalization of $8.20 billion, a PE ratio of 22.04 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Asset Advisory Group Inc. lifted its position in iShares MSCI World ETF by 0.4% during the second quarter. Asset Advisory Group Inc. now owns 13,435 shares of the company’s stock valued at $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 worth $1,139,000 after buying 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 worth $567,000 after buying an additional 82 shares during the last quarter. 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 valued at $51,000 after buying an additional 95 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA raised its position in shares of iShares MSCI World ETF by 20.7% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 723 shares of the company’s stock valued at $130,000 after buying an additional 124 shares in the last quarter.

About iShares MSCI World ETF

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.