Short Interest in iShares MSCI ACWI ETF (NASDAQ:ACWI) Declines By 36.2%

iShares MSCI ACWI ETF (NASDAQ:ACWI) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 8,460,000 shares, a decline of 36.2% from the October 15th total of 13,260,000 shares. Based on an average daily volume of 1,988,800 shares, the days-to-cover ratio is presently 4.3 days.

iShares MSCI ACWI ETF Stock Performance

Shares of ACWI opened at $119.75 on Friday. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93. iShares MSCI ACWI ETF has a 52-week low of $96.11 and a 52-week high of $121.86. The stock’s 50-day simple moving average is $118.48 and its 200 day simple moving average is $114.60.

Institutional Investors Weigh In On iShares MSCI ACWI ETF

A number of institutional investors and hedge funds have recently modified their holdings of ACWI. Signaturefd LLC grew its position in shares of iShares MSCI ACWI ETF by 0.3% during the 3rd quarter. Signaturefd LLC now owns 27,224 shares of the company’s stock valued at $3,255,000 after purchasing an additional 86 shares in the last quarter. Cherrydale Wealth Management LLC grew its position in iShares MSCI ACWI ETF by 0.8% during the second quarter. Cherrydale Wealth Management LLC now owns 10,381 shares of the company’s stock worth $1,167,000 after buying an additional 87 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in iShares MSCI ACWI ETF by 0.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 21,728 shares of the company’s stock worth $2,442,000 after acquiring an additional 122 shares during the last quarter. Quent Capital LLC raised its holdings in shares of iShares MSCI ACWI ETF by 19.9% in the 3rd quarter. Quent Capital LLC now owns 836 shares of the company’s stock valued at $100,000 after acquiring an additional 139 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of iShares MSCI ACWI ETF by 0.5% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 27,749 shares of the company’s stock valued at $3,119,000 after acquiring an additional 149 shares during the last quarter. 61.52% of the stock is 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.