iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Large Decrease in Short Interest

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 212,767 shares, a decrease of 64.9% from the August 15th total of 605,473 shares. Based on an average trading volume of 165,780 shares, the short-interest ratio is presently 1.3 days. Approximately 1.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Several institutional investors have recently added to or reduced their stakes in EWI. Integrated Wealth Concepts LLC acquired a new position in iShares MSCI Italy ETF in the second quarter valued at about $1,058,000. Nilsine Partners LLC raised its stake in shares of iShares MSCI Italy ETF by 1.6% in the second quarter. Nilsine Partners LLC now owns 179,139 shares of the exchange traded fund’s stock valued at $10,612,000 after acquiring an additional 2,900 shares during the last quarter. Knollwood Investment Advisory LLC acquired a new position in shares of iShares MSCI Italy ETF in the 2nd quarter worth approximately $1,007,000. Pacifica Partners Inc. acquired a new position in shares of iShares MSCI Italy ETF in the 2nd quarter worth approximately $30,000. Finally, Cairn Investment Group Inc. bought a new stake in iShares MSCI Italy ETF during the 2nd quarter worth approximately $15,604,000. 37.96% of the stock is owned by institutional investors.

iShares MSCI Italy ETF Stock Down 1.7%

iShares MSCI Italy ETF stock traded down $1.05 during mid-day trading on Monday, hitting $60.91. 620,657 shares of the company were exchanged, compared to its average volume of 454,427. The company has a market capitalization of $1.03 billion, a PE ratio of 12.30 and a beta of 0.87. The business has a fifty day moving average of $61.73 and a 200 day moving average of $58.69. iShares MSCI Italy ETF has a 1-year low of $50.05 and a 1-year high of $63.76.

About iShares MSCI Italy ETF

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.