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

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 208,513 shares, a drop of 61.5% from the December 31st total of 541,066 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 511,544 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 511,544 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are sold short.

iShares MSCI Switzerland ETF Price Performance

NYSEARCA:EWL traded up $1.17 during mid-day trading on Thursday, reaching $62.22. The company’s stock had a trading volume of 529,207 shares, compared to its average volume of 526,737. The company’s fifty day simple moving average is $59.53 and its two-hundred day simple moving average is $56.86. The stock has a market cap of $1.67 billion, a P/E ratio of 21.82 and a beta of 0.81. iShares MSCI Switzerland ETF has a twelve month low of $46.22 and a twelve month high of $62.76.

Institutional Trading of iShares MSCI Switzerland ETF

Large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its holdings in iShares MSCI Switzerland ETF by 9,771.2% in the 2nd quarter. Fisher Asset Management LLC now owns 1,278,219 shares of the exchange traded fund’s stock valued at $70,059,000 after purchasing an additional 1,265,270 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in iShares MSCI Switzerland ETF by 6.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,208,694 shares of the exchange traded fund’s stock worth $66,768,000 after acquiring an additional 69,999 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI Switzerland ETF by 142.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 725,576 shares of the exchange traded fund’s stock worth $40,081,000 after buying an additional 425,970 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of iShares MSCI Switzerland ETF by 8.3% during the 2nd quarter. Vontobel Holding Ltd. now owns 705,831 shares of the exchange traded fund’s stock worth $38,687,000 after purchasing an additional 54,364 shares in the last quarter. Finally, Millburn Ridgefield LLC DE lifted its position in shares of iShares MSCI Switzerland ETF by 5.5% during the 2nd quarter. Millburn Ridgefield LLC DE now owns 471,240 shares of the exchange traded fund’s stock worth $25,829,000 after buying an additional 24,423 shares during the last quarter. Institutional investors own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Company Profile

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.