iShares MSCI Belgium ETF (NYSEARCA:EWK) Sees Large Decrease in Short Interest

iShares MSCI Belgium ETF (NYSEARCA:EWK) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 50,917 shares, a decline of 35.1% from the April 15th total of 78,456 shares. Based on an average daily volume of 72,341 shares, the short-interest ratio is presently 0.7 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWK. OLD Mission Capital LLC lifted its position in iShares MSCI Belgium ETF by 2,710.8% during the 4th quarter. OLD Mission Capital LLC now owns 253,534 shares of the company’s stock worth $6,161,000 after buying an additional 244,514 shares in the last quarter. Moran Wealth Management LLC lifted its position in iShares MSCI Belgium ETF by 388.1% during the 4th quarter. Moran Wealth Management LLC now owns 289,506 shares of the company’s stock worth $7,036,000 after buying an additional 230,193 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in iShares MSCI Belgium ETF during the 4th quarter worth about $2,529,000. Geneos Wealth Management Inc. acquired a new position in iShares MSCI Belgium ETF during the 2nd quarter worth about $1,502,000. Finally, Cetera Investment Advisers acquired a new position in iShares MSCI Belgium ETF during the 1st quarter worth about $1,653,000.

iShares MSCI Belgium ETF Stock Performance

Shares of NYSEARCA:EWK opened at $26.25 on Wednesday. iShares MSCI Belgium ETF has a 52 week low of $21.42 and a 52 week high of $27.63. The company’s fifty day moving average is $25.26 and its 200-day moving average is $25.12. The company has a market capitalization of $115.50 million, a PE ratio of 18.50 and a beta of 0.68.

About iShares MSCI Belgium ETF

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.