iShares MSCI ACWI ETF (NASDAQ:ACWI) Sees Large Drop in Short Interest

iShares MSCI ACWI ETF (NASDAQ:ACWI) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 14,570,000 shares, a decline of 24.5% from the March 31st total of 19,300,000 shares. Based on an average daily volume of 3,483,900 shares, the short-interest ratio is presently 4.2 days.

iShares MSCI ACWI ETF Trading Up 0.9 %

NASDAQ:ACWI opened at $107.38 on Friday. The stock has a market cap of $18.34 billion, a P/E ratio of 19.12 and a beta of 0.93. The stock’s 50-day moving average is $107.76 and its 200-day moving average is $101.73. iShares MSCI ACWI ETF has a 1-year low of $88.33 and a 1-year high of $110.45.

Institutional Trading of iShares MSCI ACWI ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its holdings in iShares MSCI ACWI ETF by 11.2% in the third quarter. Morgan Stanley now owns 11,547,989 shares of the company’s stock valued at $1,066,688,000 after acquiring an additional 1,167,144 shares during the last quarter. MKP Capital Management L.L.C. boosted its holdings in shares of iShares MSCI ACWI ETF by 43.5% during the 3rd quarter. MKP Capital Management L.L.C. now owns 7,462,975 shares of the company’s stock worth $689,355,000 after buying an additional 2,262,975 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of iShares MSCI ACWI ETF during the fourth quarter worth approximately $356,195,000. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of iShares MSCI ACWI ETF by 211.0% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,353,748 shares of the company’s stock worth $341,244,000 after purchasing an additional 2,275,450 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of iShares MSCI ACWI ETF by 47.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,626,845 shares of the company’s stock worth $165,564,000 after purchasing an additional 520,359 shares during the period. 61.52% of the stock is currently owned by institutional investors.

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.