iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Sees Significant Decrease in Short Interest

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 682,500 shares, a drop of 67.0% from the December 15th total of 2,070,000 shares. Based on an average daily trading volume, of 1,163,900 shares, the days-to-cover ratio is currently 0.6 days.

iShares MSCI ACWI ex U.S. ETF Stock Performance

Shares of ACWX stock opened at $51.39 on Tuesday. iShares MSCI ACWI ex U.S. ETF has a fifty-two week low of $48.68 and a fifty-two week high of $57.96. The firm has a market cap of $4.75 billion, a P/E ratio of 14.05 and a beta of 0.82. The business’s 50 day moving average price is $53.56 and its 200-day moving average price is $54.41.

iShares MSCI ACWI ex U.S. ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.7673 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new position in iShares MSCI ACWI ex U.S. ETF in the fourth quarter worth about $28,000. National Bank of Canada FI raised its position in shares of iShares MSCI ACWI ex U.S. ETF by 1,622.0% in the 2nd quarter. National Bank of Canada FI now owns 861 shares of the company’s stock worth $46,000 after acquiring an additional 811 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of iShares MSCI ACWI ex U.S. ETF in the 3rd quarter valued at approximately $69,000. Brown Brothers Harriman & Co. purchased a new position in shares of iShares MSCI ACWI ex U.S. ETF in the 3rd quarter valued at approximately $80,000. Finally, GAMMA Investing LLC grew its stake in iShares MSCI ACWI ex U.S. ETF by 51.0% in the fourth quarter. GAMMA Investing LLC now owns 1,984 shares of the company’s stock worth $103,000 after purchasing an additional 670 shares during the period.

iShares MSCI ACWI ex U.S. ETF Company Profile

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.