World Equity ETF (NYSEARCA:DFAW) Sees Significant Growth in Short Interest

World Equity ETF (NYSEARCA:DFAW) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 130,496 shares, a growth of 88.0% from the May 14th total of 69,405 shares. Based on an average trading volume of 82,537 shares, the short-interest ratio is presently 1.6 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC grew its position in World Equity ETF by 103.0% in the first quarter. McIlrath & Eck LLC now owns 1,770 shares of the company’s stock worth $131,000 after acquiring an additional 898 shares in the last quarter. Monograph Wealth Advisors LLC grew its position in World Equity ETF by 10.7% in the first quarter. Monograph Wealth Advisors LLC now owns 26,536 shares of the company’s stock worth $1,958,000 after acquiring an additional 2,564 shares in the last quarter. Tradewinds LLC. purchased a new position in World Equity ETF in the first quarter worth $205,000. Mosaic Family Wealth Partners LLC grew its position in World Equity ETF by 10.1% in the first quarter. Mosaic Family Wealth Partners LLC now owns 23,981 shares of the company’s stock worth $1,769,000 after acquiring an additional 2,208 shares in the last quarter. Finally, USAdvisors Wealth Management LLC purchased a new position in World Equity ETF in the first quarter worth $200,000.

World Equity ETF Stock Performance

Shares of NYSEARCA:DFAW opened at $82.80 on Monday. World Equity ETF has a 52-week low of $64.74 and a 52-week high of $84.03. The firm has a fifty day moving average of $80.32 and a 200 day moving average of $77.17. The firm has a market capitalization of $1.35 billion, a PE ratio of 19.16 and a beta of 0.90.

About World Equity ETF

The Dimensional World Equity ETF (DFAW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of funds that invests in a broad portfolio of stocks across all market capitalizations globally. The funds objective is to provide long-term capital appreciation DFAW was launched on Sep 26, 2023 and is issued by Dimensional.