iShares MSCI Netherlands ETF (NYSEARCA:EWN) Sees Large Growth in Short Interest

iShares MSCI Netherlands ETF (NYSEARCA:EWN) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 267,310 shares, a growth of 470.1% from the February 26th total of 46,888 shares. Based on an average daily volume of 153,402 shares, the days-to-cover ratio is presently 1.7 days. Currently, 4.6% of the company’s stock are sold short.

iShares MSCI Netherlands ETF Stock Down 2.8%

Shares of NYSEARCA EWN traded down $1.66 on Thursday, hitting $56.85. The company had a trading volume of 68,136 shares, compared to its average volume of 130,582. iShares MSCI Netherlands ETF has a 12-month low of $41.40 and a 12-month high of $64.01. The firm has a market capitalization of $326.89 million, a P/E ratio of 19.71 and a beta of 1.16. The business has a 50 day moving average of $61.08 and a two-hundred day moving average of $59.01.

Institutional Trading of iShares MSCI Netherlands ETF

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of iShares MSCI Netherlands ETF by 22.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 931,889 shares of the exchange traded fund’s stock worth $53,146,000 after buying an additional 172,502 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in iShares MSCI Netherlands ETF during the 2nd quarter worth $4,540,000. Bank of America Corp DE increased its position in shares of iShares MSCI Netherlands ETF by 864.0% in the 3rd quarter. Bank of America Corp DE now owns 76,388 shares of the exchange traded fund’s stock worth $4,431,000 after purchasing an additional 68,464 shares during the last quarter. Lido Advisors LLC raised its stake in shares of iShares MSCI Netherlands ETF by 219.4% in the 3rd quarter. Lido Advisors LLC now owns 62,249 shares of the exchange traded fund’s stock valued at $3,611,000 after purchasing an additional 42,761 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of iShares MSCI Netherlands ETF by 2,545.5% during the fourth quarter. Royal Bank of Canada now owns 32,143 shares of the exchange traded fund’s stock worth $1,833,000 after purchasing an additional 30,928 shares during the last quarter.

About iShares MSCI Netherlands ETF

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market 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 Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.