iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Significant Decrease in Short Interest

iShares MSCI Taiwan ETF (NYSEARCA:EWT) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 7,364,928 shares, a decrease of 47.0% from the April 30th total of 13,886,696 shares. Currently, 7.2% of the company’s shares are sold short. Based on an average daily volume of 5,428,504 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in iShares MSCI Taiwan ETF by 22.4% during the first quarter. Bank of America Corp DE now owns 598,887 shares of the exchange traded fund’s stock worth $42,473,000 after acquiring an additional 109,496 shares during the last quarter. Empowered Funds LLC acquired a new stake in iShares MSCI Taiwan ETF during the first quarter worth about $2,093,000. Hilltop Holdings Inc. acquired a new stake in iShares MSCI Taiwan ETF during the first quarter worth about $752,000. Lido Advisors LLC increased its stake in iShares MSCI Taiwan ETF by 156.5% during the first quarter. Lido Advisors LLC now owns 263,861 shares of the exchange traded fund’s stock worth $18,713,000 after acquiring an additional 160,994 shares during the last quarter. Finally, State of Wyoming increased its stake in iShares MSCI Taiwan ETF by 6.3% during the first quarter. State of Wyoming now owns 106,580 shares of the exchange traded fund’s stock worth $7,559,000 after acquiring an additional 6,300 shares during the last quarter.

iShares MSCI Taiwan ETF Trading Up 3.5%

NYSEARCA:EWT traded up $3.63 on Monday, hitting $106.41. 2,987,832 shares of the stock were exchanged, compared to its average volume of 6,286,094. The stock has a market cap of $10.92 billion, a PE ratio of 17.58 and a beta of 1.07. The stock has a fifty day moving average of $84.53 and a 200-day moving average of $73.47. iShares MSCI Taiwan ETF has a fifty-two week low of $52.22 and a fifty-two week high of $106.52.

iShares MSCI Taiwan ETF Company Profile

Ishares MSCI Taiwan 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 Taiwan IndexSM (the Index). The Index consists of stocks traded primarily on the Taiwan 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. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.