Short Interest in iShares MSCI Austria ETF (NYSEARCA:EWO) Decreases By 83.0%

iShares MSCI Austria ETF (NYSEARCA:EWO) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 28,296 shares, a drop of 83.0% from the July 15th total of 166,748 shares. Based on an average daily trading volume, of 84,318 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares MSCI Austria ETF

Several institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new position in iShares MSCI Austria ETF during the first quarter worth about $30,000. Comerica Bank raised its position in shares of iShares MSCI Austria ETF by 466.0% in the first quarter. Comerica Bank now owns 1,217 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of iShares MSCI Austria ETF by 425.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,071 shares of the company’s stock valued at $38,000 after purchasing an additional 867 shares during the period. Harbour Investments Inc. purchased a new stake in shares of iShares MSCI Austria ETF during the 4th quarter valued at approximately $46,000. Finally, Royal Bank of Canada lifted its stake in shares of iShares MSCI Austria ETF by 59.1% during the 1st quarter. Royal Bank of Canada now owns 2,288 shares of the company’s stock valued at $82,000 after buying an additional 850 shares in the last quarter.

iShares MSCI Austria ETF Price Performance

Shares of EWO traded up $0.26 during mid-day trading on Friday, hitting $44.29. The stock had a trading volume of 5,714 shares, compared to its average volume of 51,402. iShares MSCI Austria ETF has a 52 week low of $30.22 and a 52 week high of $44.50. The business has a fifty day moving average price of $42.32 and a 200-day moving average price of $39.50. The firm has a market cap of $186.02 million, a P/E ratio of 11.04 and a beta of 0.80.

About iShares MSCI Austria ETF

iShares MSCI Austria Capped ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Austria IMI 25/50 Index (the Underlying Index). The Underlying Index consists of stocks traded on the Vienna 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.