Short Interest in iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Decreases By 25.3%

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,102,670 shares, a decline of 25.3% from the December 31st total of 2,813,036 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,793,672 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 1,793,672 shares, the short-interest ratio is currently 1.2 days. Currently, 3.2% of the company’s stock are short sold.

Institutional Trading of iShares MSCI United Kingdom ETF

Institutional investors have recently bought and sold shares of the company. Truist Financial Corp boosted its holdings in shares of iShares MSCI United Kingdom ETF by 5.0% in the 2nd quarter. Truist Financial Corp now owns 7,559 shares of the company’s stock valued at $300,000 after buying an additional 363 shares during the period. Assetmark Inc. lifted its holdings in shares of iShares MSCI United Kingdom ETF by 191.3% in the second quarter. Assetmark Inc. now owns 8,047 shares of the company’s stock valued at $320,000 after buying an additional 5,285 shares during the period. Arkadios Wealth Advisors acquired a new stake in iShares MSCI United Kingdom ETF during the second quarter valued at approximately $295,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI United Kingdom ETF by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 467,703 shares of the company’s stock valued at $18,577,000 after purchasing an additional 21,457 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of iShares MSCI United Kingdom ETF by 29.8% in the 2nd quarter. Brown Advisory Inc. now owns 109,740 shares of the company’s stock valued at $4,359,000 after acquiring an additional 25,168 shares in the last quarter. 58.38% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI United Kingdom ETF Stock Performance

Shares of EWU stock traded down $0.28 during mid-day trading on Friday, hitting $46.16. 1,837,977 shares of the stock were exchanged, compared to its average volume of 1,738,664. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 15.42 and a beta of 0.71. iShares MSCI United Kingdom ETF has a 12-month low of $32.76 and a 12-month high of $46.89. The stock’s fifty day simple moving average is $44.18 and its two-hundred day simple moving average is $42.55.

About iShares MSCI United Kingdom ETF

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.