iShares MSCI Switzerland ETF (NYSEARCA:EWL) Short Interest Up 98.0% in February

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 496,520 shares, a growth of 98.0% from the February 12th total of 250,814 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 491,697 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 491,697 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.8% of the company’s stock are sold short.

iShares MSCI Switzerland ETF Price Performance

Shares of iShares MSCI Switzerland ETF stock traded down $0.73 during midday trading on Thursday, hitting $59.36. The company had a trading volume of 765,106 shares, compared to its average volume of 635,356. The business’s 50 day simple moving average is $62.03 and its two-hundred day simple moving average is $58.66. The stock has a market cap of $1.60 billion, a PE ratio of 21.82 and a beta of 0.81. iShares MSCI Switzerland ETF has a 1-year low of $46.22 and a 1-year high of $65.53.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bayban bought a new stake in iShares MSCI Switzerland ETF in the fourth quarter valued at approximately $35,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of iShares MSCI Switzerland ETF in the second quarter worth $38,000. Advisory Services Network LLC acquired a new position in shares of iShares MSCI Switzerland ETF during the 3rd quarter worth about $44,000. Harbour Investments Inc. grew its stake in iShares MSCI Switzerland ETF by 359.2% in the fourth quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 643 shares in the last quarter. Finally, MAI Capital Management increased its stake in shares of iShares MSCI Switzerland ETF by 631.1% during the 3rd quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 833 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.