iShares MSCI World ETF (NYSEARCA:URTH – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 490,899 shares, a drop of 53.3% from the May 31st total of 1,050,933 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 630,021 shares, the days-to-cover ratio is presently 0.8 days.
iShares MSCI World ETF Price Performance
NYSEARCA:URTH opened at $197.36 on Monday. iShares MSCI World ETF has a twelve month low of $167.61 and a twelve month high of $206.33. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 22.04 and a beta of 0.95. The stock’s 50 day moving average price is $200.13 and its two-hundred day moving average price is $191.57.
Hedge Funds Weigh In On iShares MSCI World ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Dara Capital US Inc. bought a new position in shares of iShares MSCI World ETF in the 4th quarter valued at about $1,932,000. UBS Group AG increased its stake in shares of iShares MSCI World ETF by 14.1% during the 4th quarter. UBS Group AG now owns 180,736 shares of the company’s stock worth $33,575,000 after purchasing an additional 22,279 shares during the last quarter. Empire Life Investments Inc. raised its holdings in shares of iShares MSCI World ETF by 6.8% in the 4th quarter. Empire Life Investments Inc. now owns 82,743 shares of the company’s stock valued at $15,371,000 after purchasing an additional 5,293 shares during the period. M&T Bank Corp raised its holdings in shares of iShares MSCI World ETF by 168.4% in the 4th quarter. M&T Bank Corp now owns 22,497 shares of the company’s stock valued at $4,179,000 after purchasing an additional 14,115 shares during the period. Finally, Cidel Asset Management Inc. acquired a new stake in iShares MSCI World ETF in the 4th quarter valued at about $1,376,000.
iShares MSCI World ETF Company Profile
The iShares MSCI World ETF (URTH) is an exchange-traded fund that is based on the MSCI World index, a market-cap-weighted index of stocks that cover 85% of the developed world’s market capitalization. URTH was launched on Jan 10, 2012 and is managed by BlackRock.
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