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

iShares MSCI ACWI ETF (NASDAQ:ACWI) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 14,570,000 shares, a decrease of 24.5% from the March 31st total of 19,300,000 shares. Based on an average daily volume of 3,483,900 shares, the days-to-cover ratio is presently 4.2 days.

Hedge Funds Weigh In On iShares MSCI ACWI ETF

Large investors have recently bought and sold shares of the stock. Plan Group Financial LLC raised its stake in shares of iShares MSCI ACWI ETF by 13.1% in the 1st quarter. Plan Group Financial LLC now owns 73,441 shares of the company’s stock valued at $8,088,000 after buying an additional 8,487 shares in the last quarter. Ashford Advisors LLC increased its position in shares of iShares MSCI ACWI ETF by 206.9% during the 1st quarter. Ashford Advisors LLC now owns 120,285 shares of the company’s stock worth $13,247,000 after purchasing an additional 81,094 shares in the last quarter. Crestone Asset Management LLC increased its position in shares of iShares MSCI ACWI ETF by 18.3% during the 1st quarter. Crestone Asset Management LLC now owns 205,614 shares of the company’s stock worth $22,644,000 after purchasing an additional 31,845 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in shares of iShares MSCI ACWI ETF during the 1st quarter worth about $1,636,000. Finally, Bogart Wealth LLC increased its position in shares of iShares MSCI ACWI ETF by 0.6% during the 1st quarter. Bogart Wealth LLC now owns 691,221 shares of the company’s stock worth $76,124,000 after purchasing an additional 3,914 shares in the last quarter. 61.52% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Price Performance

NASDAQ:ACWI opened at $107.38 on Friday. The stock has a market cap of $18.34 billion, a P/E ratio of 19.12 and a beta of 0.93. iShares MSCI ACWI ETF has a one year low of $88.33 and a one year high of $110.45. The company has a fifty day moving average price of $107.76 and a 200 day moving average price of $101.73.

About iShares MSCI ACWI ETF

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.