iShares MSCI Belgium ETF (NYSEARCA:EWK) Short Interest Down 86.9% in June

iShares MSCI Belgium ETF (NYSEARCA:EWK) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 187,767 shares, a drop of 86.9% from the May 31st total of 1,432,337 shares. Based on an average trading volume of 42,714 shares, the days-to-cover ratio is currently 4.4 days. Approximately 4.3% of the company’s shares are short sold.

iShares MSCI Belgium ETF Stock Performance

Shares of EWK stock traded up $0.10 on Friday, hitting $26.96. 124,298 shares of the stock traded hands, compared to its average volume of 44,717. iShares MSCI Belgium ETF has a twelve month low of $21.74 and a twelve month high of $27.73. The firm’s 50-day moving average price is $26.50 and its two-hundred day moving average price is $25.69. The stock has a market capitalization of $118.62 million, a PE ratio of 18.50 and a beta of 0.68.

Institutional Trading of iShares MSCI Belgium ETF

Several hedge funds have recently made changes to their positions in EWK. Moran Wealth Management LLC lifted its stake in shares of iShares MSCI Belgium ETF by 388.1% in the 4th quarter. Moran Wealth Management LLC now owns 289,506 shares of the company’s stock valued at $7,036,000 after purchasing an additional 230,193 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in iShares MSCI Belgium ETF in the 4th quarter valued at about $2,529,000. DRW Securities LLC raised its holdings in iShares MSCI Belgium ETF by 39.0% in the 4th quarter. DRW Securities LLC now owns 23,400 shares of the company’s stock valued at $569,000 after buying an additional 6,566 shares during the period. Flow Traders U.S. LLC lifted its position in iShares MSCI Belgium ETF by 98.6% in the third quarter. Flow Traders U.S. LLC now owns 61,263 shares of the company’s stock valued at $1,423,000 after buying an additional 30,408 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in iShares MSCI Belgium ETF by 26.2% in the second quarter. Osaic Holdings Inc. now owns 3,769 shares of the company’s stock valued at $83,000 after buying an additional 782 shares during the last quarter.

About iShares MSCI Belgium ETF

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market Index Fund (the 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.