World Equity ETF (NYSEARCA:DFAW) Short Interest Down 66.2% in August

World Equity ETF (NYSEARCA:DFAW) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 38,699 shares, a drop of 66.2% from the July 30th total of 114,640 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 88,341 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On World Equity ETF

A number of institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC grew its position in shares of World Equity ETF by 2.6% in the 1st quarter. Root Financial Partners LLC now owns 6,423 shares of the company’s stock worth $474,000 after acquiring an additional 162 shares in the last quarter. Foster & Motley Inc. raised its position in shares of World Equity ETF by 4.8% during the 1st quarter. Foster & Motley Inc. now owns 3,700 shares of the company’s stock valued at $273,000 after acquiring an additional 170 shares in the last quarter. LRI Investments LLC lifted its stake in World Equity ETF by 9.9% during the fourth quarter. LRI Investments LLC now owns 2,462 shares of the company’s stock worth $182,000 after purchasing an additional 222 shares during the last quarter. Coston McIsaac & Partners lifted its stake in World Equity ETF by 11.2% during the fourth quarter. Coston McIsaac & Partners now owns 2,997 shares of the company’s stock worth $221,000 after purchasing an additional 302 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in World Equity ETF by 4.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,497 shares of the company’s stock worth $629,000 after purchasing an additional 328 shares during the period.

World Equity ETF Stock Performance

Shares of DFAW opened at $85.29 on Friday. World Equity ETF has a one year low of $69.27 and a one year high of $86.36. The stock has a 50-day moving average price of $83.69 and a 200 day moving average price of $80.46. The company has a market capitalization of $1.63 billion, a P/E ratio of 19.16 and a beta of 0.89.

About World Equity ETF

The Dimensional World Equity ETF (DFAW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of funds that invests in a broad portfolio of stocks across all market capitalizations globally. The funds objective is to provide long-term capital appreciation DFAW was launched on Sep 26, 2023 and is issued by Dimensional.