iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Down 32.8% in March

iShares MSCI Australia ETF (NYSEARCA:EWA) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 3,006,521 shares, a decrease of 32.8% from the March 15th total of 4,472,404 shares. Based on an average daily trading volume, of 5,710,824 shares, the days-to-cover ratio is currently 0.5 days. Currently, 6.2% of the shares of the stock are sold short.

iShares MSCI Australia ETF Stock Up 0.2%

NYSEARCA:EWA traded up $0.07 during mid-day trading on Tuesday, hitting $30.22. 1,653,622 shares of the stock traded hands, compared to its average volume of 5,752,931. The business’s 50-day moving average price is $28.73 and its 200 day moving average price is $27.35. The company has a market cap of $1.46 billion, a PE ratio of 19.89 and a beta of 1.01. iShares MSCI Australia ETF has a 12-month low of $23.26 and a 12-month high of $30.24.

Institutional Investors Weigh In On iShares MSCI Australia ETF

Hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its holdings in shares of iShares MSCI Australia ETF by 21.7% in the 1st quarter. Comerica Bank now owns 3,627 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 646 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of iShares MSCI Australia ETF during the 1st quarter worth $42,000. Cresset Asset Management LLC purchased a new position in iShares MSCI Australia ETF in the second quarter worth $221,000. NewEdge Advisors LLC bought a new position in iShares MSCI Australia ETF in the second quarter valued at $496,000. Finally, Squarepoint Ops LLC purchased a new stake in iShares MSCI Australia ETF during the second quarter valued at about $1,629,000. 59.69% of the stock is currently owned by institutional investors.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.