iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Large Drop in Short Interest

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 250,814 shares, a decrease of 26.4% from the January 29th total of 340,580 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 536,896 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 536,896 shares, the short-interest ratio is presently 0.5 days. Approximately 0.9% of the shares of the company are sold short.

iShares MSCI Switzerland ETF Price Performance

Shares of NYSEARCA:EWL traded up $0.35 on Wednesday, reaching $62.56. The company’s stock had a trading volume of 662,694 shares, compared to its average volume of 551,138. iShares MSCI Switzerland ETF has a 52-week low of $46.22 and a 52-week high of $65.53. The stock’s 50-day moving average is $61.96 and its two-hundred day moving average is $58.43. The stock has a market capitalization of $1.68 billion, a P/E ratio of 21.82 and a beta of 0.81.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of iShares MSCI Switzerland ETF by 26.8% in the first quarter. Royal Bank of Canada now owns 185,839 shares of the exchange traded fund’s stock valued at $9,624,000 after acquiring an additional 39,296 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in iShares MSCI Switzerland ETF by 76.1% in the second quarter. Envestnet Asset Management Inc. now owns 80,228 shares of the exchange traded fund’s stock valued at $4,397,000 after purchasing an additional 34,676 shares during the period. Arkadios Wealth Advisors acquired a new stake in iShares MSCI Switzerland ETF in the second quarter valued at about $301,000. swisspartners Advisors Ltd purchased a new stake in iShares MSCI Switzerland ETF in the 2nd quarter valued at approximately $236,000. Finally, Climber Capital SA increased its position in iShares MSCI Switzerland ETF by 0.7% during the 2nd quarter. Climber Capital SA now owns 61,151 shares of the exchange traded fund’s stock worth $3,335,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.