Short Interest in iShares MSCI ACWI ETF (NASDAQ:ACWI) Drops By 8.8%

Posted by ABMN Staff on Sep 30th, 2024

iShares MSCI ACWI ETF (NASDAQ:ACWI – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 10,300,000 shares, a decline of 8.8% from the August 31st total of 11,300,000 shares. Based on an average daily volume of 2,580,800 shares, the days-to-cover ratio is presently 4.0 days.

iShares MSCI ACWI ETF Stock Down 0.2 %

ACWI stock opened at $119.56 on Monday. The company has a market cap of $19.13 billion, a PE ratio of 19.74 and a beta of 0.93. iShares MSCI ACWI ETF has a 52 week low of $88.33 and a 52 week high of $120.24. The business has a 50-day simple moving average of $114.48 and a 200 day simple moving average of $111.99.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ACWI. Continuum Advisory LLC acquired a new position in iShares MSCI ACWI ETF during the second quarter worth about $28,000. Joseph Group Capital Management raised its stake in iShares MSCI ACWI ETF by 324.6% during the fourth quarter. Joseph Group Capital Management now owns 293 shares of the company’s stock worth $30,000 after acquiring an additional 224 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in iShares MSCI ACWI ETF during the second quarter worth about $39,000. Vima LLC acquired a new position in iShares MSCI ACWI ETF during the fourth quarter worth about $42,000. Finally, Cooksen Wealth LLC acquired a new position in iShares MSCI ACWI ETF during the fourth quarter worth about $74,000. Institutional investors and hedge funds own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Company Profile

(Get Free Report)

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.