Short Interest in iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) Decreases by 9.1%

The iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) has seen a significant decline in short interest for December. By December 31st, the total short interest amounted to 2,100,000 shares. This represents a notable decrease of 9.1% compared to the 2,310,000 shares reported on December 15th. Given the average trading volume of 729,400 shares, the current days-to-cover ratio stands at approximately 2.9 days.

iShares ESG Aware MSCI USA ETF Price Movement

As of Friday, NASDAQ ESGU opened at $131.66. The 50-day simple moving average for the stock is at $131.07, while the 200-day simple moving average is $125.94. The ETF has a market capitalization of $13.49 billion, a price-to-earnings (PE) ratio of 25.85, and a beta of 1.02. Over the past year, the ETF has experienced a low of $104.14 and a high of $134.27, showcasing its volatility.

Recent Dividend Announcements

Recently, iShares ESG Aware MSCI USA ETF declared a dividend that was distributed on December 20th. Shareholders recorded on December 17th received a dividend of $0.408 per share, with the ex-dividend date also set on December 17th.

Institutional Activity in iShares ESG Aware MSCI USA ETF

A number of institutional investors have adjusted their holdings in the iShares ESG Aware MSCI USA ETF. Brooklyn FI LLC increased its stake by 0.8% during the third quarter and now owns 10,395 shares, valued at $1,312,000, after acquiring 87 additional shares. Swmg LLC raised its investment by 5.8% in the same quarter, bringing its total to 1,774 shares worth $233,000 after a purchase of 98 shares. Clearview Wealth Advisors LLC increased their stake by 1.0%, accumulating 11,990 shares, which equates to $1,513,000 after acquiring 120 shares more. MONECO Advisors LLC also raised its position by 6.1%, now holding 2,321 shares valued at $293,000 following the acquisition of 134 shares. Similarly, Savvy Advisors Inc. lifted its stake by 2.0%, now owning 6,798 shares worth $858,000 after buying an additional 136 shares.

Understanding iShares ESG Aware MSCI USA ETF

The iShares ESG Aware MSCI USA ETF (ESGU) is an exchange-traded fund that is linked to the MSCI USA Extended ESG Focus index. This fund tracks a selection of U.S. companies that are chosen and weighted based on their positive environmental, social, and governance characteristics. Launched on December 1, 2016, the fund is managed by BlackRock.

Conclusion

This recent decline in short interest, alongside the ETF's price performance and institutional activity, indicates a changing landscape for investors in the iShares ESG Aware MSCI USA ETF. Understanding these dynamics can help investors make informed decisions.

short, interest, ETF