Short Interest in iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Drops By 70.2%

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,522,169 shares, a decline of 70.2% from the June 30th total of 5,113,071 shares. Based on an average daily volume of 2,058,891 shares, the short-interest ratio is currently 0.7 days. Currently, 1.8% of the shares of the company are short sold.

iShares MSCI United Kingdom ETF Stock Up 1.1%

Shares of NYSEARCA EWU opened at $47.23 on Friday. The business has a 50-day moving average price of $46.56 and a 200 day moving average price of $46.45. The stock has a market cap of $4.04 billion, a PE ratio of 15.42 and a beta of 0.59. iShares MSCI United Kingdom ETF has a 52-week low of $39.60 and a 52-week high of $48.92.

Hedge Funds Weigh In On iShares MSCI United Kingdom ETF

A number of institutional investors have recently modified their holdings of EWU. Purpose Unlimited Inc. acquired a new position in iShares MSCI United Kingdom ETF in the fourth quarter valued at $25,000. Allworth Financial LP boosted its stake in shares of iShares MSCI United Kingdom ETF by 105.8% during the fourth quarter. Allworth Financial LP now owns 963 shares of the company’s stock worth $42,000 after buying an additional 495 shares during the period. Evelyn Partners Investment Management LLP grew its holdings in shares of iShares MSCI United Kingdom ETF by 216.7% during the fourth quarter. Evelyn Partners Investment Management LLP now owns 950 shares of the company’s stock worth $42,000 after buying an additional 650 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in iShares MSCI United Kingdom ETF by 28.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,002 shares of the company’s stock valued at $44,000 after acquiring an additional 223 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in iShares MSCI United Kingdom ETF by 201.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,206 shares of the company’s stock valued at $53,000 after acquiring an additional 806 shares during the last quarter. 58.38% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI United Kingdom ETF

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.