iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Large Decrease in Short Interest

iShares MSCI Australia ETF (NYSEARCA:EWA) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 3,662,933 shares, a drop of 42.0% from the May 14th total of 6,310,865 shares. Approximately 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,988,856 shares, the days-to-cover ratio is currently 1.8 days.

iShares MSCI Australia ETF Stock Down 2.1%

EWA traded down $0.62 during trading on Monday, hitting $28.60. The company’s stock had a trading volume of 3,433,208 shares, compared to its average volume of 4,468,303. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.89 and a beta of 0.96. iShares MSCI Australia ETF has a 12 month low of $24.94 and a 12 month high of $30.48. The firm’s 50 day moving average price is $29.16 and its two-hundred day moving average price is $28.11.

Institutional Investors Weigh In On iShares MSCI Australia ETF

A number of institutional investors have recently made changes to their positions in EWA. Johnson Financial Group Inc. acquired a new stake in shares of iShares MSCI Australia ETF during the third quarter worth $32,000. Tower Research Capital LLC TRC grew its stake in shares of iShares MSCI Australia ETF by 10,333.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 1,550 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of iShares MSCI Australia ETF during the first quarter worth $42,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares MSCI Australia ETF during the fourth quarter worth $47,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Australia ETF during the fourth quarter worth $72,000. 59.69% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.