iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Significant Decrease in Short Interest

iShares MSCI Taiwan ETF (NYSEARCA:EWT) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 7,364,928 shares, a decrease of 47.0% from the April 30th total of 13,886,696 shares. Currently, 7.2% of the company’s shares are sold short. Based on an average trading volume of 5,428,504 shares, the days-to-cover ratio is currently 1.4 days.

iShares MSCI Taiwan ETF Trading Up 3.5%

NYSEARCA:EWT traded up $3.63 on Monday, hitting $106.41. 2,987,832 shares of the stock were exchanged, compared to its average volume of 6,286,094. iShares MSCI Taiwan ETF has a fifty-two week low of $52.22 and a fifty-two week high of $106.52. The stock has a market cap of $10.92 billion, a PE ratio of 17.58 and a beta of 1.07. The stock has a fifty day moving average of $84.53 and a 200-day moving average of $73.47.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

Large investors have recently modified their holdings of the stock. Rock Creek Group LP grew its stake in shares of iShares MSCI Taiwan ETF by 23.1% in the third quarter. Rock Creek Group LP now owns 46,220 shares of the exchange traded fund’s stock valued at $2,941,000 after buying an additional 8,662 shares in the last quarter. Causeway Capital Management LLC acquired a new stake in shares of iShares MSCI Taiwan ETF in the third quarter valued at about $706,000. Aberdeen Group plc acquired a new stake in shares of iShares MSCI Taiwan ETF in the fourth quarter valued at about $3,572,000. Exchange Traded Concepts LLC grew its stake in shares of iShares MSCI Taiwan ETF by 13,656.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 176,354 shares of the exchange traded fund’s stock valued at $11,204,000 after buying an additional 175,072 shares in the last quarter. Finally, Korea Investment CORP grew its stake in shares of iShares MSCI Taiwan ETF by 66.5% in the third quarter. Korea Investment CORP now owns 397,020 shares of the exchange traded fund’s stock valued at $25,258,000 after buying an additional 158,548 shares in the last quarter.

iShares MSCI Taiwan ETF Company Profile

Ishares MSCI Taiwan Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Taiwan IndexSM (the Index). The Index consists of stocks traded primarily on the Taiwan Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.