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

iShares MSCI Switzerland ETF (NYSEARCA:EWL) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 695,569 shares, an increase of 149.3% from the April 30th total of 279,009 shares. Based on an average trading volume of 518,793 shares, the short-interest ratio is currently 1.3 days. Currently, 2.7% of the company’s stock are sold short.

iShares MSCI Switzerland ETF Stock Performance

iShares MSCI Switzerland ETF stock traded down $1.17 during midday trading on Monday, hitting $61.96. 419,307 shares of the company’s stock were exchanged, compared to its average volume of 699,906. iShares MSCI Switzerland ETF has a 12 month low of $51.83 and a 12 month high of $65.53. The firm has a 50-day moving average of $60.67 and a two-hundred day moving average of $60.48. The company has a market cap of $1.59 billion, a PE ratio of 21.82 and a beta of 0.78.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bayban purchased a new position in iShares MSCI Switzerland ETF in the fourth quarter valued at about $35,000. Howe & Rusling Inc. purchased a new position in iShares MSCI Switzerland ETF in the first quarter valued at about $39,000. Advisory Services Network LLC purchased a new position in iShares MSCI Switzerland ETF in the third quarter valued at about $44,000. Harbour Investments Inc. grew its stake in iShares MSCI Switzerland ETF by 359.2% in the fourth quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 643 shares during the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new position in iShares MSCI Switzerland ETF in the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Company Profile

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.