iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Significant Growth in Short Interest

iShares MSCI Switzerland ETF (NYSEARCA:EWL) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 541,066 shares, an increase of 121.8% from the December 15th total of 243,991 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 356,008 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 356,008 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.1% of the shares of the company are sold short.

iShares MSCI Switzerland ETF Stock Performance

NYSEARCA:EWL traded up $0.01 during mid-day trading on Friday, hitting $60.53. The company had a trading volume of 338,628 shares, compared to its average volume of 495,401. The business’s fifty day moving average is $58.70 and its two-hundred day moving average is $56.44. iShares MSCI Switzerland ETF has a fifty-two week low of $46.22 and a fifty-two week high of $60.90. The firm has a market cap of $1.63 billion, a P/E ratio of 21.82 and a beta of 0.81.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EWL. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of iShares MSCI Switzerland ETF in the 2nd quarter worth about $38,000. Advisory Services Network LLC purchased a new position in iShares MSCI Switzerland ETF in the 3rd quarter worth about $44,000. MAI Capital Management boosted its stake in shares of iShares MSCI Switzerland ETF by 631.1% in the 3rd quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 833 shares during the last quarter. Parallel Advisors LLC bought a new position in iShares MSCI Switzerland ETF in the second quarter worth approximately $56,000. Finally, IFP Advisors Inc bought a new position in shares of iShares MSCI Switzerland ETF in the third quarter worth about $60,000. 68.30% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.