Short Interest in iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Grows By 90.4%

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 99,374 shares, an increase of 90.4% from the June 30th total of 52,181 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 103,197 shares, the short-interest ratio is presently 1.0 days.

iShares MSCI USA Equal Weighted ETF Price Performance

Shares of EUSA opened at $114.61 on Thursday. The stock has a market capitalization of $1.82 billion, a PE ratio of 20.72 and a beta of 0.96. The business’s fifty day moving average price is $113.25 and its 200 day moving average price is $108.68. iShares MSCI USA Equal Weighted ETF has a 12-month low of $98.24 and a 12-month high of $116.11.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Arkadios Wealth Advisors boosted its holdings in shares of iShares MSCI USA Equal Weighted ETF by 5.2% in the 1st quarter. Arkadios Wealth Advisors now owns 251,323 shares of the company’s stock valued at $25,577,000 after buying an additional 12,457 shares during the period. Sunbelt Securities Inc. raised its stake in iShares MSCI USA Equal Weighted ETF by 26.5% during the first quarter. Sunbelt Securities Inc. now owns 62,653 shares of the company’s stock worth $6,376,000 after acquiring an additional 13,142 shares during the period. Crescent Grove Advisors LLC raised its stake in iShares MSCI USA Equal Weighted ETF by 35.0% during the first quarter. Crescent Grove Advisors LLC now owns 12,208 shares of the company’s stock worth $1,242,000 after acquiring an additional 3,165 shares during the period. Goodman Financial Corp lifted its holdings in iShares MSCI USA Equal Weighted ETF by 58.0% in the first quarter. Goodman Financial Corp now owns 13,725 shares of the company’s stock worth $1,397,000 after acquiring an additional 5,040 shares during the last quarter. Finally, Calydon Capital lifted its holdings in iShares MSCI USA Equal Weighted ETF by 37.5% in the fourth quarter. Calydon Capital now owns 283,196 shares of the company’s stock worth $29,274,000 after acquiring an additional 77,244 shares during the last quarter.

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.