iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Large Decrease in Short Interest
by Doug Wharley · The Cerbat GemiShares MSCI Canada ETF (NYSEARCA:EWC – Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 3,290,713 shares, a decline of 52.7% from the March 15th total of 6,955,273 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average daily trading volume, of 3,196,922 shares, the short-interest ratio is currently 1.0 days.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Lunt Capital Management Inc. boosted its position in shares of iShares MSCI Canada ETF by 4.3% during the fourth quarter. Lunt Capital Management Inc. now owns 4,700 shares of the exchange traded fund’s stock valued at $253,000 after buying an additional 195 shares during the last quarter. Dearborn Partners LLC boosted its position in shares of iShares MSCI Canada ETF by 2.4% during the fourth quarter. Dearborn Partners LLC now owns 8,700 shares of the exchange traded fund’s stock valued at $469,000 after buying an additional 200 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of iShares MSCI Canada ETF by 10.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,201 shares of the exchange traded fund’s stock valued at $119,000 after buying an additional 202 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in iShares MSCI Canada ETF by 1.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 16,757 shares of the exchange traded fund’s stock worth $904,000 after acquiring an additional 229 shares during the period. Finally, Creative Planning lifted its holdings in iShares MSCI Canada ETF by 1.9% during the third quarter. Creative Planning now owns 12,888 shares of the exchange traded fund’s stock worth $652,000 after acquiring an additional 245 shares during the period.
iShares MSCI Canada ETF Trading Up 0.8%
Shares of NYSEARCA:EWC traded up $0.44 during mid-day trading on Tuesday, hitting $57.70. 1,442,689 shares of the company traded hands, compared to its average volume of 2,949,723. The stock has a market cap of $5.04 billion, a P/E ratio of 19.77 and a beta of 0.88. iShares MSCI Canada ETF has a 12-month low of $40.35 and a 12-month high of $58.78. The stock has a 50-day moving average price of $55.87 and a two-hundred day moving average price of $53.70.
iShares MSCI Canada ETF Company Profile
iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.