iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) Short Interest Update

iShares MSCI USA Equal Weighted ETF (NYSEARCA:EUSA) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 52,181 shares, a drop of 37.9% from the June 15th total of 83,977 shares. Based on an average daily volume of 29,094 shares, the short-interest ratio is presently 1.8 days. Approximately 0.3% of the company’s shares are sold short.

iShares MSCI USA Equal Weighted ETF Price Performance

EUSA stock opened at $113.94 on Friday. iShares MSCI USA Equal Weighted ETF has a 1 year low of $98.24 and a 1 year high of $115.97. The firm has a 50-day moving average of $112.43 and a 200 day moving average of $108.13. The company has a market cap of $1.83 billion, a P/E ratio of 20.72 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EUSA. Bogart Wealth LLC purchased a new position in shares of iShares MSCI USA Equal Weighted ETF in the 4th quarter worth about $25,000. NewEdge Advisors LLC increased its stake in iShares MSCI USA Equal Weighted ETF by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 6,724 shares of the company’s stock valued at $629,000 after purchasing an additional 723 shares in the last quarter. Goodman Financial Corp increased its stake in iShares MSCI USA Equal Weighted ETF by 217.8% during the 4th quarter. Goodman Financial Corp now owns 8,685 shares of the company’s stock valued at $898,000 after purchasing an additional 5,952 shares in the last quarter. Crescent Grove Advisors LLC raised its holdings in iShares MSCI USA Equal Weighted ETF by 60.5% in the fourth quarter. Crescent Grove Advisors LLC now owns 9,043 shares of the company’s stock worth $935,000 after buying an additional 3,408 shares during the last quarter. Finally, Finley Financial LLC lifted its stake in shares of iShares MSCI USA Equal Weighted ETF by 64.3% in the fourth quarter. Finley Financial LLC now owns 9,860 shares of the company’s stock worth $1,019,000 after buying an additional 3,860 shares in 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.