Short Interest in iShares MSCI Austria ETF (NYSEARCA:EWO) Drops By 38.6%

iShares MSCI Austria ETF (NYSEARCA:EWO) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 74,212 shares, a decrease of 38.6% from the January 15th total of 120,921 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 67,687 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 67,687 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.9% of the shares of the stock are sold short.

iShares MSCI Austria ETF Price Performance

Shares of NYSEARCA:EWO traded down $0.49 during trading on Friday, reaching $38.07. The stock had a trading volume of 98,215 shares, compared to its average volume of 70,517. The stock has a market capitalization of $146.57 million, a PE ratio of 11.04 and a beta of 0.93. iShares MSCI Austria ETF has a 52 week low of $22.01 and a 52 week high of $39.40. The business’s 50-day moving average price is $36.21 and its 200 day moving average price is $32.94.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank increased its position in iShares MSCI Austria ETF by 466.0% in the 1st quarter. Comerica Bank now owns 1,217 shares of the company’s stock valued at $31,000 after acquiring an additional 1,002 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of iShares MSCI Austria ETF during the first quarter valued at $30,000. Cavalier Investments LLC acquired a new stake in iShares MSCI Austria ETF in the second quarter worth about $1,470,000. Scotia Capital Inc. bought a new stake in iShares MSCI Austria ETF during the 2nd quarter worth about $560,000. Finally, Financial & Tax Architects LLC bought a new position in shares of iShares MSCI Austria ETF in the 2nd quarter valued at about $1,323,000.

About iShares MSCI Austria ETF

iShares MSCI Austria Capped ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Austria IMI 25/50 Index (the Underlying Index). The Underlying Index consists of stocks traded on the Vienna Stock Exchange. The Underlying 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 Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.