Short Interest in iShares MSCI Italy ETF (NYSEARCA:EWI) Expands By 82.7%

iShares MSCI Italy ETF (NYSEARCA:EWI) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 949,737 shares, a growth of 82.7% from the May 14th total of 519,802 shares. Based on an average trading volume of 505,123 shares, the short-interest ratio is currently 1.9 days. Currently, 8.3% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Institutional investors have recently modified their holdings of the business. DV Equities LLC acquired a new position in shares of iShares MSCI Italy ETF in the 4th quarter valued at $27,000. Caitlin John LLC acquired a new position in shares of iShares MSCI Italy ETF in the 3rd quarter valued at $28,000. Biltmore Family Office LLC acquired a new position in shares of iShares MSCI Italy ETF in the 4th quarter valued at $28,000. Strategic Advocates LLC increased its holdings in shares of iShares MSCI Italy ETF by 94.9% in the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 336 shares during the period. Finally, Fifth Third Bancorp acquired a new position in shares of iShares MSCI Italy ETF in the 1st quarter valued at $39,000. 37.96% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Italy ETF Stock Performance

NYSEARCA EWI traded up $0.85 during trading hours on Tuesday, hitting $60.73. The company had a trading volume of 466,686 shares, compared to its average volume of 468,179. iShares MSCI Italy ETF has a 1-year low of $45.79 and a 1-year high of $61.04. The company has a market cap of $697.18 million, a PE ratio of 12.30 and a beta of 0.87. The business has a 50 day moving average of $58.21 and a 200-day moving average of $55.80.

About iShares MSCI Italy ETF

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying 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 Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.