Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Declines By 61.5%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 208,513 shares, a drop of 61.5% from the December 31st total of 541,066 shares. Based on an average trading volume of 511,544 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 511,544 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EWL. Edmond DE Rothschild Holding S.A. acquired a new stake in iShares MSCI Switzerland ETF in the second quarter valued at approximately $38,000. Advisory Services Network LLC bought a new position in shares of iShares MSCI Switzerland ETF in the 3rd quarter worth $44,000. MAI Capital Management grew its position in iShares MSCI Switzerland ETF by 631.1% in the 3rd quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 833 shares during the period. Capital Investment Advisory Services LLC bought a new stake in iShares MSCI Switzerland ETF during the 4th quarter valued at $54,000. Finally, IFP Advisors Inc acquired a new position in iShares MSCI Switzerland ETF during the third quarter worth $60,000. 68.30% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Stock Performance

Shares of NYSEARCA:EWL traded down $0.68 during midday trading on Friday, reaching $61.54. The company’s stock had a trading volume of 534,120 shares, compared to its average volume of 527,106. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81. iShares MSCI Switzerland ETF has a fifty-two week low of $46.22 and a fifty-two week high of $62.76. The firm has a 50 day moving average price of $59.63 and a two-hundred day moving average price of $56.91.

About iShares MSCI Switzerland ETF

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.