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

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 238,955 shares, a decline of 51.9% from the February 26th total of 496,520 shares. Based on an average daily trading volume, of 1,097,655 shares, the short-interest ratio is currently 0.2 days. Approximately 0.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

A number of institutional investors and hedge funds have recently modified their holdings of EWL. Hsbc Holdings PLC lifted its position in iShares MSCI Switzerland ETF by 59.8% in the fourth quarter. Hsbc Holdings PLC now owns 31,916 shares of the exchange traded fund’s stock worth $1,914,000 after buying an additional 11,949 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in iShares MSCI Switzerland ETF by 1.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 38,326 shares of the exchange traded fund’s stock valued at $2,298,000 after acquiring an additional 372 shares during the last quarter. Bayban purchased a new stake in shares of iShares MSCI Switzerland ETF in the fourth quarter valued at $35,000. Kovitz Investment Group Partners LLC raised its stake in shares of iShares MSCI Switzerland ETF by 6.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,621 shares of the exchange traded fund’s stock valued at $637,000 after acquiring an additional 605 shares during the period. Finally, Invesco Ltd. raised its stake in shares of iShares MSCI Switzerland ETF by 54.2% in the fourth quarter. Invesco Ltd. now owns 8,818 shares of the exchange traded fund’s stock valued at $529,000 after acquiring an additional 3,099 shares during the period. Hedge funds and other institutional investors own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Trading Down 1.5%

Shares of NYSEARCA:EWL traded down $0.90 during trading on Thursday, reaching $57.30. The company’s stock had a trading volume of 1,027,164 shares, compared to its average volume of 733,118. The stock has a market capitalization of $1.54 billion, a PE ratio of 21.82 and a beta of 0.81. iShares MSCI Switzerland ETF has a 12 month low of $46.22 and a 12 month high of $65.53. The firm’s 50 day simple moving average is $61.53 and its two-hundred day simple moving average is $58.85.

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.