iShares MSCI Malaysia ETF (NYSEARCA:EWM) Shares Shorted: Short Interest Up 84.8% in October

iShares MSCI Malaysia ETF (NYSEARCA:EWM) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,832,963 shares, a growth of 84.8% from the September 30th total of 1,532,744 shares. Based on an average trading volume of 155,620 shares, the days-to-cover ratio is presently 18.2 days. Currently, 33.1% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares MSCI Malaysia ETF

Hedge funds have recently bought and sold shares of the business. Whitcomb & Hess Inc. purchased a new stake in iShares MSCI Malaysia ETF in the third quarter worth approximately $10,821,000. Catalyst Capital Advisors LLC grew its position in iShares MSCI Malaysia ETF by 5.1% in the 1st quarter. Catalyst Capital Advisors LLC now owns 216,707 shares of the exchange traded fund’s stock worth $6,157,000 after purchasing an additional 10,525 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in iShares MSCI Malaysia ETF during the 3rd quarter valued at $2,891,000. Royal Bank of Canada raised its stake in iShares MSCI Malaysia ETF by 506.5% during the 1st quarter. Royal Bank of Canada now owns 75,987 shares of the exchange traded fund’s stock valued at $2,159,000 after buying an additional 63,459 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in iShares MSCI Malaysia ETF by 118.4% during the 1st quarter. Bank of America Corp DE now owns 64,049 shares of the exchange traded fund’s stock valued at $1,820,000 after buying an additional 34,724 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.

iShares MSCI Malaysia ETF Stock Performance

EWM opened at $26.97 on Tuesday. The stock has a market capitalization of $230.59 million, a PE ratio of 14.29 and a beta of 0.46. The stock’s 50 day moving average price is $27.41 and its 200-day moving average price is $28.33. iShares MSCI Malaysia ETF has a 52-week low of $25.89 and a 52-week high of $30.64.

About iShares MSCI Malaysia ETF

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