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

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 4,747,915 shares, a decline of 49.7% from the May 31st total of 9,432,179 shares. Currently, 6.4% of the company’s shares are sold short. Based on an average trading volume of 1,743,943 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of iShares MSCI United Kingdom ETF

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in iShares MSCI United Kingdom ETF by 326.2% during the second quarter. NewEdge Advisors LLC now owns 31,707 shares of the company’s stock valued at $1,259,000 after purchasing an additional 24,268 shares during the period. Quantinno Capital Management LP increased its stake in iShares MSCI United Kingdom ETF by 7.8% in the second quarter. Quantinno Capital Management LP now owns 29,273 shares of the company’s stock valued at $1,163,000 after purchasing an additional 2,113 shares in the last quarter. Raymond James Financial Inc. raised its holdings in iShares MSCI United Kingdom ETF by 13.6% in the second quarter. Raymond James Financial Inc. now owns 43,580 shares of the company’s stock worth $1,731,000 after purchasing an additional 5,227 shares during the period. Bank of America Corp DE raised its holdings in iShares MSCI United Kingdom ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 3,663,638 shares of the company’s stock worth $145,520,000 after purchasing an additional 686,519 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of iShares MSCI United Kingdom ETF by 25.8% during the second quarter. MML Investors Services LLC now owns 61,685 shares of the company’s stock worth $2,450,000 after purchasing an additional 12,656 shares in the last quarter. 58.38% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI United Kingdom ETF Stock Performance

NYSEARCA:EWU traded down $0.04 during mid-day trading on Tuesday, hitting $46.11. The company had a trading volume of 66,368 shares, compared to its average volume of 1,915,371. iShares MSCI United Kingdom ETF has a fifty-two week low of $39.23 and a fifty-two week high of $48.92. The firm has a market cap of $3.40 billion, a P/E ratio of 15.42 and a beta of 0.59. The business’s fifty day moving average is $46.59 and its two-hundred day moving average is $46.07.

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.