Short Interest in iShares MSCI ACWI ETF (NASDAQ:ACWI) Expands By 23.9%

iShares MSCI ACWI ETF (NASDAQ:ACWI) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 8,760,000 shares, an increase of 23.9% from the February 13th total of 7,070,000 shares. Currently, 5.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,017,400 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On iShares MSCI ACWI ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vivaldi Capital Management LP increased its position in iShares MSCI ACWI ETF by 0.3% in the fourth quarter. Vivaldi Capital Management LP now owns 33,727 shares of the company’s stock worth $4,067,000 after purchasing an additional 89 shares during the last quarter. Fiduciary Trust Co increased its position in iShares MSCI ACWI ETF by 0.9% in the fourth quarter. Fiduciary Trust Co now owns 10,290 shares of the company’s stock worth $1,209,000 after purchasing an additional 92 shares during the last quarter. Cherrydale Wealth Management LLC increased its position in iShares MSCI ACWI ETF by 0.9% in the fourth quarter. Cherrydale Wealth Management LLC now owns 10,475 shares of the company’s stock worth $1,231,000 after purchasing an additional 94 shares during the last quarter. Merit Financial Group LLC increased its position in iShares MSCI ACWI ETF by 1.5% in the fourth quarter. Merit Financial Group LLC now owns 7,539 shares of the company’s stock worth $886,000 after purchasing an additional 112 shares during the last quarter. Finally, Sapient Capital LLC increased its position in iShares MSCI ACWI ETF by 4.9% in the fourth quarter. Sapient Capital LLC now owns 2,587 shares of the company’s stock worth $304,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Price Performance

iShares MSCI ACWI ETF stock opened at $118.62 on Tuesday. The stock has a market cap of $19.17 billion, a P/E ratio of 22.13 and a beta of 0.93. iShares MSCI ACWI ETF has a 1 year low of $104.29 and a 1 year high of $124.15. The firm’s 50 day moving average price is $120.27 and its 200-day moving average price is $119.51.

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.