iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Significant Growth in Short Interest

iShares MSCI Italy ETF (NYSEARCA:EWI) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 605,473 shares, an increase of 63.3% from the July 30th total of 370,812 shares. Based on an average daily trading volume, of 669,104 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.6% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI Italy ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nilsine Partners LLC raised its stake in iShares MSCI Italy ETF by 1.6% in the 2nd quarter. Nilsine Partners LLC now owns 179,139 shares of the exchange traded fund’s stock worth $10,612,000 after acquiring an additional 2,900 shares during the last quarter. Knollwood Investment Advisory LLC purchased a new stake in iShares MSCI Italy ETF during the 2nd quarter valued at about $1,007,000. Pacifica Partners Inc. purchased a new stake in iShares MSCI Italy ETF during the 2nd quarter valued at about $30,000. Cairn Investment Group Inc. acquired a new position in shares of iShares MSCI Italy ETF in the second quarter valued at about $15,604,000. Finally, Contravisory Investment Management Inc. raised its stake in shares of iShares MSCI Italy ETF by 2.0% in the second quarter. Contravisory Investment Management Inc. now owns 23,232 shares of the exchange traded fund’s stock worth $1,376,000 after purchasing an additional 459 shares during the last quarter. 37.96% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Italy ETF Trading Down 1.7%

Shares of EWI stock traded down $1.08 during trading hours on Tuesday, reaching $61.20. 240,075 shares of the company’s stock were exchanged, compared to its average volume of 457,046. iShares MSCI Italy ETF has a 1 year low of $50.05 and a 1 year high of $63.76. The stock has a market cap of $1.03 billion, a PE ratio of 12.30 and a beta of 0.87. The stock’s fifty day moving average price is $61.34 and its two-hundred day moving average price is $58.36.

iShares MSCI Italy ETF Company Profile

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.