iShares MSCI Spain ETF (NYSEARCA:EWP) Short Interest Down 86.6% in June

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 297,817 shares, a decrease of 86.6% from the May 31st total of 2,227,769 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 328,342 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of iShares MSCI Spain ETF in the 4th quarter worth $101,057,000. Bank of Montreal Can acquired a new stake in iShares MSCI Spain ETF during the fourth quarter worth about $43,669,000. Schroder Investment Management Group increased its stake in iShares MSCI Spain ETF by 3,000.0% during the fourth quarter. Schroder Investment Management Group now owns 527,000 shares of the exchange traded fund’s stock worth $28,516,000 after acquiring an additional 510,000 shares during the last quarter. Bank of Nova Scotia purchased a new position in shares of iShares MSCI Spain ETF in the 4th quarter worth about $25,370,000. Finally, Jane Street Group LLC purchased a new position in shares of iShares MSCI Spain ETF in the 2nd quarter worth about $16,165,000. Institutional investors and hedge funds own 38.17% of the company’s stock.

iShares MSCI Spain ETF Trading Down 0.2%

Shares of NYSEARCA EWP traded down $0.12 on Friday, reaching $58.68. 79,423 shares of the company traded hands, compared to its average volume of 548,935. iShares MSCI Spain ETF has a fifty-two week low of $43.45 and a fifty-two week high of $59.88. The company has a 50 day moving average of $57.31 and a 200 day moving average of $55.71. The stock has a market capitalization of $1.95 billion, a PE ratio of 10.89 and a beta of 0.67.

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.