iShares MSCI Singapore ETF (NYSEARCA:EWS) Sees Large Increase in Short Interest

iShares MSCI Singapore ETF (NYSEARCA:EWS) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 1,209,144 shares, a growth of 312.5% from the December 31st total of 293,114 shares. Currently, 4.5% of the shares of the company are short sold. Based on an average trading volume of 864,599 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 864,599 shares, the days-to-cover ratio is presently 1.4 days. Currently, 4.5% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

Hedge funds have recently added to or reduced their stakes in the company. Sun Life Financial Inc. boosted its position in iShares MSCI Singapore ETF by 20.9% in the 3rd quarter. Sun Life Financial Inc. now owns 1,462,159 shares of the company’s stock valued at $41,438,000 after buying an additional 252,559 shares during the period. Tradewinds Capital Management LLC boosted its holdings in shares of iShares MSCI Singapore ETF by 1.5% in the second quarter. Tradewinds Capital Management LLC now owns 1,290,583 shares of the company’s stock valued at $33,529,000 after purchasing an additional 19,405 shares during the period. UBS Group AG grew its stake in iShares MSCI Singapore ETF by 119.8% in the third quarter. UBS Group AG now owns 904,505 shares of the company’s stock worth $25,634,000 after purchasing an additional 492,982 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in iShares MSCI Singapore ETF by 147.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 851,840 shares of the company’s stock worth $22,131,000 after purchasing an additional 506,960 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its position in iShares MSCI Singapore ETF by 97.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 438,730 shares of the company’s stock valued at $12,438,000 after purchasing an additional 216,130 shares in the last quarter. 52.30% of the stock is currently owned by institutional investors.

iShares MSCI Singapore ETF Stock Performance

EWS traded down $0.59 during trading on Friday, reaching $28.24. 544,560 shares of the company traded hands, compared to its average volume of 841,944. The company has a market cap of $769.51 million, a P/E ratio of 15.28 and a beta of 0.69. iShares MSCI Singapore ETF has a 12-month low of $20.08 and a 12-month high of $29.65. The firm has a fifty day simple moving average of $27.93 and a 200 day simple moving average of $28.03.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).