iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Significant Decrease in Short Interest

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 4,058,429 shares, a decline of 25.0% from the March 15th total of 5,411,032 shares. Currently, 5.5% of the company’s stock are sold short. Based on an average trading volume of 2,668,156 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

A number of institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. raised its position in shares of iShares MSCI United Kingdom ETF by 28.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,002 shares of the company’s stock valued at $44,000 after purchasing an additional 223 shares during the period. Lmcg Investments LLC raised its position in shares of iShares MSCI United Kingdom ETF by 0.9% in the fourth quarter. Lmcg Investments LLC now owns 27,313 shares of the company’s stock valued at $1,201,000 after purchasing an additional 237 shares during the period. Lunt Capital Management Inc. raised its position in shares of iShares MSCI United Kingdom ETF by 4.8% in the fourth quarter. Lunt Capital Management Inc. now owns 5,336 shares of the company’s stock valued at $235,000 after purchasing an additional 245 shares during the period. Jones Financial Companies Lllp raised its position in shares of iShares MSCI United Kingdom ETF by 24.4% in the third quarter. Jones Financial Companies Lllp now owns 1,300 shares of the company’s stock valued at $54,000 after purchasing an additional 255 shares during the period. Finally, Tactive Advisors LLC raised its position in shares of iShares MSCI United Kingdom ETF by 6.1% in the fourth quarter. Tactive Advisors LLC now owns 5,428 shares of the company’s stock valued at $239,000 after purchasing an additional 310 shares during the period. Institutional investors own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Trading Down 0.6%

NYSEARCA EWU traded down $0.27 during trading on Wednesday, reaching $47.80. The company’s stock had a trading volume of 3,051,716 shares, compared to its average volume of 2,325,641. The stock has a market capitalization of $3.52 billion, a PE ratio of 15.42 and a beta of 0.63. The business has a 50-day moving average price of $46.60 and a 200-day moving average price of $44.57. iShares MSCI United Kingdom ETF has a 1-year low of $36.43 and a 1-year high of $48.92.

About iShares MSCI United Kingdom ETF

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.