iShares MSCI Spain ETF (NYSEARCA:EWP) Short Interest Up 593.5% in May

iShares MSCI Spain ETF (NYSEARCA:EWP) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,227,769 shares, a growth of 593.5% from the May 14th total of 321,247 shares. Based on an average daily volume of 274,008 shares, the short-interest ratio is presently 8.1 days. Currently, 6.7% of the company’s stock are short sold.

Institutional Trading of iShares MSCI Spain ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brookstone Capital Management raised its holdings in shares of iShares MSCI Spain ETF by 3.8% in the fourth quarter. Brookstone Capital Management now owns 6,783 shares of the exchange traded fund’s stock valued at $366,000 after purchasing an additional 250 shares during the last quarter. Zacks Investment Management raised its stake in shares of iShares MSCI Spain ETF by 0.5% during the 3rd quarter. Zacks Investment Management now owns 54,858 shares of the exchange traded fund’s stock worth $2,716,000 after purchasing an additional 272 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of iShares MSCI Spain ETF by 7.2% during the 1st quarter. Wealthfront Advisers LLC now owns 5,298 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 357 shares in the last quarter. Comerica Bank raised its stake in shares of iShares MSCI Spain ETF by 303.9% during the 4th quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 392 shares in the last quarter. Finally, BOKF NA bought a new stake in shares of iShares MSCI Spain ETF during the 3rd quarter worth approximately $25,000. 38.17% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Spain ETF Trading Down 1.0%

Shares of NYSEARCA EWP traded down $0.58 during midday trading on Wednesday, reaching $56.25. The company’s stock had a trading volume of 140,103 shares, compared to its average volume of 585,150. iShares MSCI Spain ETF has a fifty-two week low of $42.36 and a fifty-two week high of $58.99. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67. The stock has a 50 day simple moving average of $56.62 and a 200-day simple moving average of $55.08.

iShares MSCI Spain ETF Company Profile

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