Short Interest in iShares MSCI ACWI ETF (NASDAQ:ACWI) Drops By 16.4%

iShares MSCI ACWI ETF (NASDAQ:ACWI) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 14,630,000 shares, a drop of 16.4% from the May 31st total of 17,490,000 shares. Based on an average daily trading volume, of 2,618,600 shares, the days-to-cover ratio is presently 5.6 days.

Institutional Trading of iShares MSCI ACWI ETF

Several hedge funds have recently modified their holdings of the business. Cetera Advisors LLC lifted its holdings in shares of iShares MSCI ACWI ETF by 479.1% in the 1st quarter. Cetera Advisors LLC now owns 29,607 shares of the company’s stock valued at $3,261,000 after buying an additional 24,494 shares during the period. Cetera Investment Advisers increased its stake in iShares MSCI ACWI ETF by 102.5% in the 1st quarter. Cetera Investment Advisers now owns 69,450 shares of the company’s stock valued at $7,649,000 after purchasing an additional 35,157 shares in the last quarter. Jane Street Group LLC increased its stake in iShares MSCI ACWI ETF by 804.0% in the 1st quarter. Jane Street Group LLC now owns 8,834,809 shares of the company’s stock valued at $972,978,000 after purchasing an additional 7,857,479 shares in the last quarter. Waverly Advisors LLC increased its stake in iShares MSCI ACWI ETF by 60.3% in the 1st quarter. Waverly Advisors LLC now owns 76,768 shares of the company’s stock valued at $8,454,000 after purchasing an additional 28,870 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI increased its stake in iShares MSCI ACWI ETF by 1,467.6% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 50,304 shares of the company’s stock valued at $5,506,000 after purchasing an additional 47,095 shares in the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Price Performance

ACWI opened at $112.40 on Friday. The business has a 50 day simple moving average of $110.65 and a 200-day simple moving average of $106.93. The stock has a market capitalization of $18.77 billion, a P/E ratio of 19.74 and a beta of 0.93. iShares MSCI ACWI ETF has a 12 month low of $88.33 and a 12 month high of $113.32.

iShares MSCI ACWI ETF Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a $0.9354 dividend. The ex-dividend date was Tuesday, June 11th.

iShares MSCI ACWI ETF Company Profile

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.