iShares MSCI ACWI ETF (NASDAQ:ACWI) Sees Large Growth in Short Interest

iShares MSCI ACWI ETF (NASDAQ:ACWI) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 9,536,044 shares, a growth of 97.4% from the June 15th total of 4,831,071 shares. Currently, 4.5% of the shares of the company are sold short. Based on an average daily volume of 3,586,346 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACWI. Mass General Brigham Inc purchased a new stake in iShares MSCI ACWI ETF during the fourth quarter valued at about $652,828,000. BNP Paribas Financial Markets boosted its position in iShares MSCI ACWI ETF by 270.0% during the fourth quarter. BNP Paribas Financial Markets now owns 2,620,110 shares of the company’s stock worth $370,719,000 after purchasing an additional 1,911,879 shares during the period. Morgan Stanley increased its stake in shares of iShares MSCI ACWI ETF by 20.5% in the fourth quarter. Morgan Stanley now owns 8,437,430 shares of the company’s stock worth $1,193,812,000 after purchasing an additional 1,438,226 shares in the last quarter. Northern Trust Corp increased its stake in shares of iShares MSCI ACWI ETF by 2,222.6% in the fourth quarter. Northern Trust Corp now owns 1,492,581 shares of the company’s stock worth $211,185,000 after purchasing an additional 1,428,317 shares in the last quarter. Finally, Qalhat Capital Ltd lifted its stake in shares of iShares MSCI ACWI ETF by 46.4% during the 2nd quarter. Qalhat Capital Ltd now owns 3,588,206 shares of the company’s stock valued at $461,443,000 after buying an additional 1,137,134 shares in the last quarter. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Trading Up 0.4%

iShares MSCI ACWI ETF stock opened at $157.52 on Thursday. The business’s 50 day simple moving average is $156.23 and its 200 day simple moving average is $148.70. iShares MSCI ACWI ETF has a 12 month low of $127.77 and a 12 month high of $160.03. The company has a market cap of $33.33 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92.

iShares MSCI ACWI ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.0097 per share. The ex-dividend date of this dividend was Monday, June 15th.

iShares MSCI ACWI ETF Company Profile

The iShares MSCI ACWI ETF (ACWI) is an exchange-traded fund that is based on the MSCI AC World index. The fund tracks a market cap-weighted index of large- and mid-cap global stocks, covering 85% of the developed and emerging markets capitalization. ACWI was launched on Mar 26, 2008 and is managed by BlackRock.