iShares MSCI Malaysia ETF (NYSEARCA:EWM) Sees Large Decrease in Short Interest
by Jessica Moore · The Cerbat GemiShares MSCI Malaysia ETF (NYSEARCA:EWM – Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 177,244 shares, a decrease of 80.0% from the May 14th total of 886,716 shares. Based on an average daily trading volume, of 276,894 shares, the short-interest ratio is presently 0.6 days. Approximately 1.4% of the shares of the company are short sold.
iShares MSCI Malaysia ETF Price Performance
Shares of NYSEARCA:EWM traded up $0.07 during trading on Friday, reaching $28.15. 257,986 shares of the company’s stock traded hands, compared to its average volume of 395,769. iShares MSCI Malaysia ETF has a 12 month low of $23.34 and a 12 month high of $30.64. The company has a 50 day moving average of $29.01 and a 200-day moving average of $28.54. The stock has a market capitalization of $352.44 million, a P/E ratio of 14.29 and a beta of 0.46.
Institutional Investors Weigh In On iShares MSCI Malaysia ETF
A number of institutional investors have recently modified their holdings of EWM. Jessup Wealth Management Inc bought a new stake in shares of iShares MSCI Malaysia ETF during the 4th quarter valued at about $72,000. BOCHK Asset Management Ltd grew its position in shares of iShares MSCI Malaysia ETF by 250.0% during the 4th quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock valued at $77,000 after buying an additional 2,000 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Malaysia ETF during the 2nd quarter valued at about $84,000. AlphaCentric Advisors LLC bought a new stake in shares of iShares MSCI Malaysia ETF during the 4th quarter valued at about $152,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares MSCI Malaysia ETF during the 4th quarter valued at about $161,000. Institutional investors own 86.75% of the company’s stock.
About iShares MSCI Malaysia ETF
iShares MSCI Malaysia ETF, formerly iShares MSCI Malaysia Index Fund (the Fund), is an exchange-traded fund. 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 Malaysian market, as measured by the MSCI Malaysia Index (the Index). The Index seeks to measure the performance of the Malaysian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.