Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Expands By 254.1%

by · The Cerbat Gem

iShares MSCI Switzerland ETF (NYSEARCA:EWL – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 860,833 shares, an increase of 254.1% from the July 30th total of 243,108 shares. Based on an average daily volume of 698,140 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.5% of the company’s stock are sold short.

Institutional Trading of iShares MSCI Switzerland ETF

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in iShares MSCI Switzerland ETF by 6.2% during the 1st quarter. Bank of America Corp DE now owns 2,107,897 shares of the exchange traded fund’s stock worth $123,965,000 after purchasing an additional 122,272 shares in the last quarter. 1607 Capital Partners LLC raised its position in iShares MSCI Switzerland ETF by 135.7% in the 4th quarter. 1607 Capital Partners LLC now owns 1,494,082 shares of the exchange traded fund’s stock valued at $89,585,000 after purchasing an additional 860,283 shares in the last quarter. Morgan Stanley raised its position in iShares MSCI Switzerland ETF by 6.8% in the 4th quarter. Morgan Stanley now owns 999,835 shares of the exchange traded fund’s stock valued at $59,950,000 after purchasing an additional 63,355 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of iShares MSCI Switzerland ETF by 1.0% in the 4th quarter. Vontobel Holding Ltd. now owns 674,489 shares of the exchange traded fund’s stock valued at $40,442,000 after buying an additional 6,848 shares during the period. Finally, Millburn Ridgefield LLC DE boosted its stake in shares of iShares MSCI Switzerland ETF by 8.0% in the 1st quarter. Millburn Ridgefield LLC DE now owns 541,025 shares of the exchange traded fund’s stock valued at $31,818,000 after buying an additional 40,070 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Price Performance

Shares of EWL stock traded down $0.44 during trading on Friday, reaching $63.27. The company’s stock had a trading volume of 129,957 shares, compared to its average volume of 609,930. iShares MSCI Switzerland ETF has a 1-year low of $53.70 and a 1-year high of $65.53. The stock’s 50-day moving average price is $63.17 and its 200 day moving average price is $62.00. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 21.82 and a beta of 0.77.

iShares MSCI Switzerland ETF Company Profile

(Get Free Report)

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.

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