iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) Sees Significant Drop in Short Interest

iShares MSCI USA ESG Select ETF (NYSEARCA:SUSA) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 66,126 shares, a decline of 28.2% from the December 31st total of 92,106 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 94,394 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 94,394 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

iShares MSCI USA ESG Select ETF Price Performance

Shares of NYSEARCA:SUSA opened at $141.17 on Friday. The business’s 50 day simple moving average is $140.47 and its 200 day simple moving average is $135.92. iShares MSCI USA ESG Select ETF has a 1 year low of $99.48 and a 1 year high of $143.18. The company has a market capitalization of $3.76 billion, a P/E ratio of -253.13 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in iShares MSCI USA ESG Select ETF by 2.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,063,932 shares of the company’s stock valued at $144,322,000 after purchasing an additional 23,825 shares in the last quarter. M&T Bank Corp increased its holdings in iShares MSCI USA ESG Select ETF by 3.7% in the 3rd quarter. M&T Bank Corp now owns 522,356 shares of the company’s stock valued at $70,858,000 after buying an additional 18,707 shares during the period. IMA Advisory Services Inc. increased its holdings in iShares MSCI USA ESG Select ETF by 8.4% in the 3rd quarter. IMA Advisory Services Inc. now owns 517,615 shares of the company’s stock valued at $70,214,000 after buying an additional 39,978 shares during the period. Acorns Advisers LLC raised its position in shares of iShares MSCI USA ESG Select ETF by 2.4% in the 3rd quarter. Acorns Advisers LLC now owns 436,504 shares of the company’s stock valued at $59,212,000 after buying an additional 10,163 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI USA ESG Select ETF by 20.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 388,825 shares of the company’s stock worth $49,284,000 after acquiring an additional 65,573 shares during the period.

About iShares MSCI USA ESG Select ETF

The iShares MSCI USA ESG Select ETF (SUSA) is an exchange-traded fund that is based on the MSCI USA Extended ESG Select index. The fund tracks an index of US companies with high environmental, social and governance (ESG) factor scores as calculated by MSCI. SUSA was launched on Jan 24, 2005 and is managed by BlackRock.