iShares MSCI Netherlands ETF (NYSEARCA:EWN) Sees Large Decline in Short Interest

iShares MSCI Netherlands ETF (NYSEARCA:EWN) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 285,519 shares, a drop of 80.9% from the May 31st total of 1,497,596 shares. Based on an average daily volume of 363,693 shares, the short-interest ratio is presently 0.8 days. Currently, 3.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares MSCI Netherlands ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in shares of iShares MSCI Netherlands ETF by 22.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 931,889 shares of the exchange traded fund’s stock worth $53,146,000 after purchasing an additional 172,502 shares in the last quarter. Lido Advisors LLC boosted its holdings in iShares MSCI Netherlands ETF by 157.0% in the 1st quarter. Lido Advisors LLC now owns 163,571 shares of the exchange traded fund’s stock worth $9,407,000 after buying an additional 99,925 shares during the last quarter. Bank of America Corp DE increased its stake in iShares MSCI Netherlands ETF by 864.0% during the 3rd quarter. Bank of America Corp DE now owns 76,388 shares of the exchange traded fund’s stock worth $4,431,000 after buying an additional 68,464 shares in the last quarter. Royal Bank of Canada increased its stake in iShares MSCI Netherlands ETF by 2,545.5% during the 4th quarter. Royal Bank of Canada now owns 32,143 shares of the exchange traded fund’s stock worth $1,833,000 after buying an additional 30,928 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of iShares MSCI Netherlands ETF by 461.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 24,777 shares of the exchange traded fund’s stock valued at $1,413,000 after acquiring an additional 20,363 shares during the last quarter.

iShares MSCI Netherlands ETF Stock Down 1.8%

Shares of EWN stock traded down $1.20 during trading hours on Friday, hitting $67.24. 508,089 shares of the company’s stock were exchanged, compared to its average volume of 158,577. iShares MSCI Netherlands ETF has a fifty-two week low of $50.56 and a fifty-two week high of $71.18. The firm has a market cap of $504.30 million, a P/E ratio of 19.71 and a beta of 1.14. The firm has a 50 day moving average of $66.15 and a two-hundred day moving average of $62.18.

iShares MSCI Netherlands ETF Company Profile

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market 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 Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.