Short Interest in iShares MSCI Canada ETF (NYSEARCA:EWC) Drops By 23.5%

iShares MSCI Canada ETF (NYSEARCA:EWC) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 3,571,526 shares, a drop of 23.5% from the December 15th total of 4,670,023 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average trading volume of 1,753,866 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 1,753,866 shares, the days-to-cover ratio is currently 2.0 days. Approximately 5.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American National Bank & Trust purchased a new stake in shares of iShares MSCI Canada ETF in the 3rd quarter valued at $25,000. Financial Life Planners acquired a new position in iShares MSCI Canada ETF in the 3rd quarter worth about $35,000. USA Financial Formulas boosted its position in iShares MSCI Canada ETF by 1,789.2% during the fourth quarter. USA Financial Formulas now owns 1,398 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 1,324 shares in the last quarter. Huntington National Bank boosted its position in iShares MSCI Canada ETF by 171,000.0% during the third quarter. Huntington National Bank now owns 1,711 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 1,710 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in iShares MSCI Canada ETF by 74.5% in the third quarter. IFP Advisors Inc now owns 2,077 shares of the exchange traded fund’s stock valued at $105,000 after purchasing an additional 887 shares during the period.

iShares MSCI Canada ETF Stock Performance

Shares of iShares MSCI Canada ETF stock traded down $0.09 during trading hours on Monday, hitting $55.13. The company’s stock had a trading volume of 1,347,941 shares, compared to its average volume of 2,241,581. The company has a market cap of $3.95 billion, a PE ratio of 19.77 and a beta of 0.94. The business has a 50 day moving average price of $53.11 and a two-hundred day moving average price of $50.30. iShares MSCI Canada ETF has a 12-month low of $36.70 and a 12-month high of $55.38.

iShares MSCI Canada ETF Company Profile

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). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.