iShares MSCI Sweden ETF (NYSEARCA:EWD) Sees Significant Drop in Short Interest

iShares MSCI Sweden ETF (NYSEARCA:EWDGet Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 155,953 shares, a decline of 33.6% from the August 15th total of 235,012 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 79,082 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On iShares MSCI Sweden ETF

Large investors have recently made changes to their positions in the stock. Syon Capital LLC boosted its position in iShares MSCI Sweden ETF by 27.9% in the second quarter. Syon Capital LLC now owns 114,129 shares of the company’s stock valued at $5,704,000 after buying an additional 24,884 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in iShares MSCI Sweden ETF by 2.9% during the second quarter. Contravisory Investment Management Inc. now owns 23,430 shares of the company’s stock worth $1,171,000 after purchasing an additional 666 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in iShares MSCI Sweden ETF in the second quarter valued at approximately $257,000. Bank of America Corp DE grew its holdings in iShares MSCI Sweden ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 802,185 shares of the company’s stock valued at $39,082,000 after purchasing an additional 21,649 shares during the period. Finally, Empowered Funds LLC purchased a new stake in iShares MSCI Sweden ETF in the 1st quarter worth $1,447,000. 49.63% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Sweden ETF Stock Performance

EWD stock opened at $51.03 on Friday. The firm has a market cap of $566.43 million, a price-to-earnings ratio of 20.15 and a beta of 1.09. The firm has a 50-day simple moving average of $52.14 and a two-hundred day simple moving average of $51.32. iShares MSCI Sweden ETF has a one year low of $45.34 and a one year high of $54.93.

About iShares MSCI Sweden ETF

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