iShares MSCI Singapore ETF (NYSEARCA:EWS) Short Interest Up 34.4% in March

iShares MSCI Singapore ETF (NYSEARCA:EWS) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 793,235 shares, a growth of 34.4% from the February 26th total of 590,328 shares. Based on an average daily volume of 1,569,813 shares, the short-interest ratio is currently 0.5 days. Approximately 2.9% of the company’s shares are short sold.

iShares MSCI Singapore ETF Price Performance

NYSEARCA EWS traded down $0.03 on Friday, hitting $27.58. 463,377 shares of the stock were exchanged, compared to its average volume of 983,661. The company’s 50-day moving average price is $28.22 and its two-hundred day moving average price is $28.23. iShares MSCI Singapore ETF has a 52-week low of $20.08 and a 52-week high of $29.65. The company has a market capitalization of $751.56 million, a price-to-earnings ratio of 15.28 and a beta of 0.69.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EWS. Purpose Unlimited Inc. purchased a new stake in iShares MSCI Singapore ETF in the 4th quarter worth about $35,000. Invesco Ltd. purchased a new position in iShares MSCI Singapore ETF during the 4th quarter valued at about $217,000. Zacks Investment Management grew its stake in iShares MSCI Singapore ETF by 217.5% during the 4th quarter. Zacks Investment Management now owns 60,163 shares of the company’s stock valued at $1,655,000 after acquiring an additional 41,214 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of iShares MSCI Singapore ETF by 1.3% in the 4th quarter. Wellington Management Group LLP now owns 403,344 shares of the company’s stock valued at $11,096,000 after purchasing an additional 4,980 shares during the period. Finally, Quadrature Capital Ltd increased its holdings in shares of iShares MSCI Singapore ETF by 978.2% in the 4th quarter. Quadrature Capital Ltd now owns 559,475 shares of the company’s stock valued at $15,391,000 after purchasing an additional 507,586 shares during the period. 52.30% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).