iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Short Interest Down 65.6% in June

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,963,684 shares, a decrease of 65.6% from the May 31st total of 8,612,256 shares. Currently, 7.5% of the shares of the company are sold short. Based on an average daily volume of 3,410,077 shares, the days-to-cover ratio is currently 0.9 days.

iShares MSCI Hong Kong ETF Stock Down 0.8%

EWH stock traded down $0.17 during mid-day trading on Tuesday, reaching $20.90. 2,012,395 shares of the stock traded hands, compared to its average volume of 4,511,024. The firm has a market capitalization of $821.37 million, a PE ratio of 14.69 and a beta of 0.38. The business has a 50-day moving average of $22.87 and a two-hundred day moving average of $22.85. iShares MSCI Hong Kong ETF has a 52 week low of $19.77 and a 52 week high of $24.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Amundi raised its holdings in shares of iShares MSCI Hong Kong ETF by 59.6% in the 1st quarter. Amundi now owns 21,700 shares of the exchange traded fund’s stock worth $379,000 after buying an additional 8,100 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in iShares MSCI Hong Kong ETF in the 1st quarter valued at $528,000. Goldman Sachs Group Inc. boosted its stake in iShares MSCI Hong Kong ETF by 3.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 163,713 shares of the exchange traded fund’s stock valued at $2,867,000 after buying an additional 4,716 shares in the last quarter. Marshall Wace LLP bought a new stake in iShares MSCI Hong Kong ETF in the second quarter valued at $854,000. Finally, Cresset Asset Management LLC grew its position in iShares MSCI Hong Kong ETF by 8.8% in the second quarter. Cresset Asset Management LLC now owns 29,020 shares of the exchange traded fund’s stock valued at $576,000 after acquiring an additional 2,342 shares during the period. 50.59% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund. 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 Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.