iShares MSCI South Korea ETF (NYSEARCA:EWY) Short Interest Up 33.3% in April

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 17,762,148 shares, a growth of 33.3% from the March 31st total of 13,328,243 shares. Currently, 13.5% of the company’s shares are short sold. Based on an average daily volume of 18,068,548 shares, the days-to-cover ratio is currently 1.0 days.

iShares MSCI South Korea ETF Stock Performance

EWY traded up $6.80 during trading on Thursday, reaching $160.76. The company had a trading volume of 16,696,206 shares, compared to its average volume of 19,210,443. iShares MSCI South Korea ETF has a 12-month low of $55.58 and a 12-month high of $161.55. The firm’s 50-day simple moving average is $137.56 and its 200 day simple moving average is $114.63. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 10.35 and a beta of 1.23.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Several institutional investors and hedge funds have recently bought and sold shares of EWY. Goldman Sachs Group Inc. grew its stake in iShares MSCI South Korea ETF by 27.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 239,956 shares of the exchange traded fund’s stock valued at $12,967,000 after acquiring an additional 52,259 shares in the last quarter. Creative Planning grew its stake in iShares MSCI South Korea ETF by 3.6% during the 2nd quarter. Creative Planning now owns 5,021 shares of the exchange traded fund’s stock valued at $360,000 after acquiring an additional 176 shares in the last quarter. M&T Bank Corp purchased a new position in iShares MSCI South Korea ETF during the 2nd quarter valued at about $203,000. Invesco Ltd. grew its stake in iShares MSCI South Korea ETF by 424.3% during the 2nd quarter. Invesco Ltd. now owns 94,461 shares of the exchange traded fund’s stock valued at $6,780,000 after acquiring an additional 76,444 shares in the last quarter. Finally, Cresset Asset Management LLC grew its stake in iShares MSCI South Korea ETF by 7.0% during the 2nd quarter. Cresset Asset Management LLC now owns 8,661 shares of the exchange traded fund’s stock valued at $622,000 after acquiring an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 49.22% of the company’s stock.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the 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 Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no 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.