Short Interest in iShares MSCI Canada Index (EWC) Increases By 37.1%

iShares MSCI Canada Index (NYSEARCA:EWC) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 4,044,291 shares, a growth of 37.1% from the November 15th total of 2,950,564 shares. Based on an average trading volume of 1,975,252 shares, the short-interest ratio is presently 2.0 days.

A number of large investors have recently modified their holdings of the stock. Ballentine Partners LLC purchased a new stake in shares of iShares MSCI Canada Index in the 2nd quarter worth approximately $106,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of iShares MSCI Canada Index in the 3rd quarter worth approximately $108,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares MSCI Canada Index in the 3rd quarter worth approximately $112,000. Clear Perspective Advisors LLC purchased a new stake in shares of iShares MSCI Canada Index in the 2nd quarter worth approximately $134,000. Finally, BB&T Investment Services Inc. purchased a new stake in shares of iShares MSCI Canada Index in the 2nd quarter worth approximately $142,000.

Shares of iShares MSCI Canada Index (NYSEARCA EWC) traded up $0.10 during mid-day trading on Friday, reaching $30.11. 1,762,773 shares of the company’s stock traded hands, compared to its average volume of 2,417,189. The stock has a market cap of $3,130.00 and a PE ratio of -14.41. iShares MSCI Canada Index has a 1-year low of $25.58 and a 1-year high of $30.60.

The firm also recently announced a semiannual dividend, which was paid on Tuesday, December 26th. Stockholders of record on Wednesday, December 20th were issued a $0.3687 dividend. The ex-dividend date of this dividend was Tuesday, December 19th. This is an increase from iShares MSCI Canada Index’s previous semiannual dividend of $0.22. This represents a dividend yield of 2.56%. iShares MSCI Canada Index’s payout ratio is -27.75%.

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About iShares MSCI Canada Index

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). The 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 Canadian market, as measured by the MSCI Canada Index (the Index).

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