Short Interest in iShares MSCI Sweden ETF (NYSEARCA:EWD) Drops By 59.0%

by · The Markets Daily

iShares MSCI Sweden ETF (NYSEARCA:EWD – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 85,824 shares, a drop of 59.0% from the July 15th total of 209,581 shares. Based on an average daily volume of 174,599 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the company are sold short.

iShares MSCI Sweden ETF Stock Performance

Shares of iShares MSCI Sweden ETF stock traded up $0.16 on Friday, reaching $52.90. The stock had a trading volume of 51,564 shares, compared to its average volume of 213,999. The business’s 50-day moving average price is $50.92 and its two-hundred day moving average price is $51.46. The stock has a market cap of $587.19 million, a P/E ratio of 20.15 and a beta of 1.08. iShares MSCI Sweden ETF has a fifty-two week low of $45.34 and a fifty-two week high of $54.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its position in shares of iShares MSCI Sweden ETF by 234.6% in the first quarter. Jane Street Group LLC now owns 243,725 shares of the company’s stock valued at $10,256,000 after purchasing an additional 170,892 shares during the last quarter. Royal Bank of Canada boosted its stake in iShares MSCI Sweden ETF by 243.3% during the 4th quarter. Royal Bank of Canada now owns 171,667 shares of the company’s stock valued at $8,451,000 after purchasing an additional 121,666 shares during the period. UBS Group AG boosted its stake in iShares MSCI Sweden ETF by 194.3% during the 4th quarter. UBS Group AG now owns 112,398 shares of the company’s stock valued at $5,533,000 after purchasing an additional 74,204 shares during the period. Bank of America Corp DE grew its holdings in iShares MSCI Sweden ETF by 4.8% in the 3rd quarter. Bank of America Corp DE now owns 763,665 shares of the company’s stock valued at $36,045,000 after buying an additional 35,240 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in iShares MSCI Sweden ETF in the 1st quarter valued at approximately $1,447,000. Institutional investors and hedge funds own 49.63% of the company’s stock.

iShares MSCI Sweden ETF Company Profile

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