iShares MSCI France ETF (NYSEARCA:EWQ) Stock Short Interest Jumps 80.6%

iShares MSCI France ETF (NYSEARCA:EWQ) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,560,927 shares, a growth of 80.6% from the September 30th total of 864,399 shares. Approximately 19.5% of the shares of the company are short sold. Based on an average daily volume of 495,115 shares, the days-to-cover ratio is currently 3.2 days.

iShares MSCI France ETF Stock Performance

Shares of NYSEARCA EWQ opened at $42.74 on Tuesday. iShares MSCI France ETF has a fifty-two week low of $40.92 and a fifty-two week high of $48.39. The stock has a fifty day moving average of $43.47 and a 200-day moving average of $45.01. The stock has a market cap of $350.47 million, a PE ratio of 17.82 and a beta of 0.85.

Hedge Funds Weigh In On iShares MSCI France ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EWQ. Trek Financial LLC grew its stake in iShares MSCI France ETF by 250.3% in the 3rd quarter. Trek Financial LLC now owns 29,147 shares of the exchange traded fund’s stock worth $1,242,000 after buying an additional 20,827 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in iShares MSCI France ETF in the third quarter valued at approximately $939,000. Nisa Investment Advisors LLC purchased a new stake in iShares MSCI France ETF during the 3rd quarter valued at $282,000. SteelPeak Wealth LLC purchased a new stake in shares of iShares MSCI France ETF during the third quarter worth about $245,000. Finally, USA Financial Formulas bought a new stake in shares of iShares MSCI France ETF in the 3rd quarter worth approximately $263,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

About iShares MSCI France ETF

iShares MSCI France ETF, formerly iShares MSCI France Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the French market, as measured by the MSCI France Index (the Index). The Index seeks to measure the performance of the French equity market. The Index consists of stocks traded primarily on the Paris Stock Exchange. The Fund invests in sectors, such as industrials, financials, energy, consumer discretionary, consumer staples, healthcare, materials, telecommunication services, utilities and information technology.