iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Significant Increase in Short Interest

iShares MSCI Canada ETF (NYSEARCA:EWC) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,955,273 shares, a growth of 90.0% from the February 26th total of 3,660,231 shares. Approximately 9.4% of the shares of the company are short sold. Based on an average daily trading volume, of 4,261,686 shares, the days-to-cover ratio is presently 1.6 days.

iShares MSCI Canada ETF Stock Performance

Shares of iShares MSCI Canada ETF stock traded down $0.08 during trading on Friday, hitting $53.63. 2,354,201 shares of the stock were exchanged, compared to its average volume of 3,121,985. The stock’s fifty day moving average is $55.81 and its 200 day moving average is $53.23. The stock has a market cap of $3.97 billion, a PE ratio of 19.77 and a beta of 0.94. iShares MSCI Canada ETF has a 12 month low of $36.70 and a 12 month high of $58.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lunt Capital Management Inc. increased its stake in shares of iShares MSCI Canada ETF by 4.3% in the fourth quarter. Lunt Capital Management Inc. now owns 4,700 shares of the exchange traded fund’s stock valued at $253,000 after purchasing an additional 195 shares during the period. Dearborn Partners LLC boosted its position in shares of iShares MSCI Canada ETF by 2.4% during the fourth quarter. Dearborn Partners LLC now owns 8,700 shares of the exchange traded fund’s stock worth $469,000 after buying an additional 200 shares during the period. CIBC Private Wealth Group LLC grew its holdings in iShares MSCI Canada ETF by 10.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,201 shares of the exchange traded fund’s stock worth $119,000 after buying an additional 202 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in iShares MSCI Canada ETF by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 16,757 shares of the exchange traded fund’s stock worth $904,000 after buying an additional 229 shares in the last quarter. Finally, Creative Planning increased its position in iShares MSCI Canada ETF by 1.9% in the 3rd quarter. Creative Planning now owns 12,888 shares of the exchange traded fund’s stock valued at $652,000 after acquiring an additional 245 shares during the period.

About iShares MSCI Canada ETF

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.