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

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

iShares MSCI ACWI ETF Stock Up 0.2 %

ACWI stock opened at $112.59 on Tuesday. iShares MSCI ACWI ETF has a 52-week low of $88.33 and a 52-week high of $113.32. The stock’s 50 day moving average is $110.79 and its two-hundred day moving average is $107.05. The company has a market capitalization of $18.80 billion, a PE ratio of 19.74 and a beta of 0.93.

iShares MSCI ACWI ETF Announces Dividend

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

Institutional Investors Weigh In On iShares MSCI ACWI ETF

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

About iShares MSCI ACWI ETF

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.