iShares MSCI Spain ETF (NYSEARCA:EWP) Stock Short Interest Declines 72.9%

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 201,737 shares, a drop of 72.9% from the August 31st total of 744,798 shares. Based on an average daily trading volume, of 432,892 shares, the short-interest ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Spain ETF in the 1st quarter valued at $41,000. IFP Advisors Inc acquired a new stake in shares of iShares MSCI Spain ETF during the 4th quarter valued at about $107,000. Boreal Capital Management LLC boosted its position in shares of iShares MSCI Spain ETF by 21.6% during the 1st quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock valued at $171,000 after acquiring an additional 560 shares in the last quarter. Wealthfront Advisers LLC increased its stake in iShares MSCI Spain ETF by 7.2% in the first quarter. Wealthfront Advisers LLC now owns 5,298 shares of the exchange traded fund’s stock valued at $288,000 after acquiring an additional 357 shares during the period. Finally, Global Assets Advisory LLC increased its stake in iShares MSCI Spain ETF by 8.0% in the first quarter. Global Assets Advisory LLC now owns 9,205 shares of the exchange traded fund’s stock valued at $500,000 after acquiring an additional 679 shares during the period. Institutional investors own 38.17% of the company’s stock.

iShares MSCI Spain ETF Stock Down 0.9%

Shares of EWP stock traded down $0.56 during mid-day trading on Monday, reaching $60.64. The stock had a trading volume of 288,792 shares, compared to its average volume of 491,591. The firm has a market cap of $2.24 billion, a PE ratio of 10.89 and a beta of 0.67. iShares MSCI Spain ETF has a one year low of $48.28 and a one year high of $63.44. The firm’s 50 day simple moving average is $61.66 and its 200 day simple moving average is $58.51.

iShares MSCI Spain ETF Company Profile

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index 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 Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.