iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Short Interest Down 70.3% in May

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 28,962 shares, a decrease of 70.3% from the May 14th total of 97,462 shares. Based on an average daily trading volume, of 25,704 shares, the short-interest ratio is currently 1.1 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of iShares MSCI USA Equal Weighted ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EUSA. NewEdge Advisors LLC increased its stake in shares of iShares MSCI USA Equal Weighted ETF by 12.0% in the first quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock worth $629,000 after purchasing an additional 723 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 buying an additional 40,568 shares in the last quarter. Goodman Financial Corp increased 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 worth $898,000 after buying an additional 5,952 shares in the last quarter. Finley Financial LLC raised its holdings in iShares MSCI USA Equal Weighted ETF by 64.3% during the fourth quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock valued at $1,019,000 after acquiring an additional 3,860 shares during the period. Finally, Crews Bank & Trust raised its holdings in iShares MSCI USA Equal Weighted ETF by 0.4% during the fourth quarter. Crews Bank & Trust now owns 151,634 shares of the company’s stock valued at $15,674,000 after acquiring an additional 604 shares during the period.

iShares MSCI USA Equal Weighted ETF Trading Up 0.5%

EUSA stock traded up $0.58 during midday trading on Thursday, reaching $111.38. 14,277 shares of the company’s stock traded hands, compared to its average volume of 45,286. iShares MSCI USA Equal Weighted ETF has a 52-week low of $95.82 and a 52-week high of $113.46. The stock has a market cap of $1.63 billion, a P/E ratio of 20.72 and a beta of 0.97. The stock’s 50-day moving average is $108.50 and its 200 day moving average is $106.23.

iShares MSCI USA Equal Weighted ETF Company Profile

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.