iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Significant Decline in Short Interest

iShares MSCI Australia ETF (NYSEARCA:EWA) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,364,439 shares, a decline of 55.2% from the December 31st total of 3,045,951 shares. Based on an average daily trading volume, of 4,186,456 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.9% of the company’s stock are sold short. Approximately 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 4,186,456 shares, the days-to-cover ratio is presently 0.3 days.

iShares MSCI Australia ETF Trading Up 0.9%

NYSEARCA:EWA traded up $0.25 during midday trading on Thursday, hitting $28.42. 12,571,617 shares of the company were exchanged, compared to its average volume of 5,164,527. iShares MSCI Australia ETF has a fifty-two week low of $20.50 and a fifty-two week high of $28.65. The company has a market capitalization of $1.31 billion, a PE ratio of 19.89 and a beta of 1.04. The company has a fifty day simple moving average of $26.37 and a 200 day simple moving average of $26.62.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in iShares MSCI Australia ETF by 2.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,538,390 shares of the exchange traded fund’s stock valued at $68,537,000 after buying an additional 55,900 shares during the last quarter. Cadinha & Co. LLC purchased a new stake in iShares MSCI Australia ETF in the 3rd quarter valued at $25,349,000. Vontobel Holding Ltd. boosted its stake in iShares MSCI Australia ETF by 4.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 914,130 shares of the exchange traded fund’s stock worth $24,682,000 after purchasing an additional 41,274 shares during the period. Raymond James Financial Inc. grew its position in iShares MSCI Australia ETF by 3,134.0% during the 2nd quarter. Raymond James Financial Inc. now owns 778,558 shares of the exchange traded fund’s stock worth $20,492,000 after purchasing an additional 754,484 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in iShares MSCI Australia ETF by 340.5% in the third quarter. Fisher Asset Management LLC now owns 570,604 shares of the exchange traded fund’s stock valued at $15,406,000 after purchasing an additional 441,077 shares during the period. Hedge funds and other institutional investors own 59.69% of the company’s stock.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.