iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Down 66.5% in July

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 370,812 shares, a decline of 66.5% from the July 15th total of 1,106,933 shares. Based on an average daily volume of 421,310 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.2% of the company’s stock are short sold.

iShares MSCI Italy ETF Price Performance

NYSEARCA EWI traded down $0.02 during trading hours on Friday, hitting $63.27. The company’s stock had a trading volume of 419,517 shares, compared to its average volume of 479,120. iShares MSCI Italy ETF has a 12 month low of $50.05 and a 12 month high of $63.76. The company’s 50 day simple moving average is $60.65 and its two-hundred day simple moving average is $57.82. The company has a market cap of $1.07 billion, a P/E ratio of 12.30 and a beta of 0.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its position in iShares MSCI Italy ETF by 24.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock worth $34,227,000 after purchasing an additional 139,088 shares during the period. TD Waterhouse Canada Inc. bought a new position in shares of iShares MSCI Italy ETF during the 4th quarter valued at $6,490,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares MSCI Italy ETF by 112,701.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,314 shares of the exchange traded fund’s stock worth $6,374,000 after buying an additional 117,210 shares during the last quarter. UBS Group AG boosted its stake in shares of iShares MSCI Italy ETF by 45.3% in the 4th quarter. UBS Group AG now owns 289,258 shares of the exchange traded fund’s stock worth $15,715,000 after buying an additional 90,221 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of iShares MSCI Italy ETF by 21.5% in the fourth quarter. Schroder Investment Management Group now owns 499,500 shares of the exchange traded fund’s stock worth $27,268,000 after acquiring an additional 88,500 shares during the period. Institutional investors own 37.96% of the company’s stock.

About iShares MSCI Italy ETF

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped 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 Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying 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 Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.