Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Increases By 275.9%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,614,927 shares, an increase of 275.9% from the May 14th total of 695,569 shares. Based on an average daily trading volume, of 531,326 shares, the short-interest ratio is currently 4.9 days. Currently, 10.2% of the company’s stock are short sold.

iShares MSCI Switzerland ETF Trading Down 0.3%

EWL traded down $0.19 during trading hours on Friday, hitting $62.72. 364,439 shares of the company’s stock were exchanged, compared to its average volume of 682,954. iShares MSCI Switzerland ETF has a 12-month low of $51.83 and a 12-month high of $65.53. The firm has a 50 day moving average of $61.46 and a 200 day moving average of $60.78. The firm has a market cap of $1.61 billion, a P/E ratio of 21.82 and a beta of 0.77.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

Large investors have recently modified their holdings of the company. McHugh Group LLC purchased a new stake in shares of iShares MSCI Switzerland ETF in the 4th quarter valued at approximately $552,000. GenTrust LLC increased its position in shares of iShares MSCI Switzerland ETF by 6.4% in the 4th quarter. GenTrust LLC now owns 290,051 shares of the exchange traded fund’s stock valued at $17,391,000 after purchasing an additional 17,330 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares MSCI Switzerland ETF by 142.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 725,576 shares of the exchange traded fund’s stock valued at $40,081,000 after purchasing an additional 425,970 shares during the last quarter. Rice Partnership LLC increased its position in shares of iShares MSCI Switzerland ETF by 14.5% in the 3rd quarter. Rice Partnership LLC now owns 121,764 shares of the exchange traded fund’s stock valued at $6,726,000 after purchasing an additional 15,398 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in shares of iShares MSCI Switzerland ETF by 7.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 237,599 shares of the exchange traded fund’s stock valued at $14,246,000 after purchasing an additional 16,939 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI Switzerland ETF

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.