iShares MSCI Canada ETF (NYSEARCA:EWC) Short Interest Down 67.7% in June

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,639,099 shares, a drop of 67.7% from the May 31st total of 8,166,971 shares. Based on an average daily volume of 1,960,917 shares, the short-interest ratio is currently 1.3 days. Approximately 3.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares MSCI Canada ETF in the 4th quarter worth about $34,000. Financial Life Planners acquired a new position in shares of iShares MSCI Canada ETF in the 3rd quarter valued at about $35,000. Tucker Asset Management LLC purchased a new stake in shares of iShares MSCI Canada ETF in the fourth quarter worth approximately $46,000. Western Wealth Management LLC acquired a new stake in shares of iShares MSCI Canada ETF during the first quarter worth approximately $49,000. Finally, Optima Capital LLC acquired a new stake in shares of iShares MSCI Canada ETF during the fourth quarter worth approximately $52,000.

iShares MSCI Canada ETF Price Performance

NYSEARCA EWC traded up $0.18 on Friday, hitting $57.80. 863,252 shares of the stock were exchanged, compared to its average volume of 2,539,420. iShares MSCI Canada ETF has a 52-week low of $45.33 and a 52-week high of $59.52. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 19.77 and a beta of 0.85. The company’s 50-day moving average price is $58.17 and its two-hundred day moving average price is $56.31.

About iShares MSCI Canada ETF

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.