iShares MSCI Spain ETF (NYSEARCA:EWP) Short Interest Up 593.5% in May

iShares MSCI Spain ETF (NYSEARCA:EWP) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 2,227,769 shares, an increase of 593.5% from the May 14th total of 321,247 shares. Based on an average daily volume of 274,008 shares, the short-interest ratio is presently 8.1 days. Currently, 6.7% of the company’s stock are short sold.

iShares MSCI Spain ETF Trading Down 1.0%

Shares of iShares MSCI Spain ETF stock traded down $0.58 on Wednesday, reaching $56.25. 140,103 shares of the company were exchanged, compared to its average volume of 585,150. iShares MSCI Spain ETF has a one year low of $42.36 and a one year high of $58.99. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67. The company has a 50-day moving average of $56.62 and a 200 day moving average of $55.08.

Institutional Investors Weigh In On iShares MSCI Spain ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of iShares MSCI Spain ETF by 25.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 16,285 shares of the exchange traded fund’s stock worth $884,000 after purchasing an additional 3,320 shares in the last quarter. Empowered Funds LLC bought a new stake in iShares MSCI Spain ETF in the 1st quarter valued at $534,000. Boreal Capital Management LLC raised its stake in iShares MSCI Spain ETF by 21.6% in the 1st quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock valued at $171,000 after acquiring an additional 560 shares during the period. CacheTech Inc. raised its stake in iShares MSCI Spain ETF by 0.5% in the 1st quarter. CacheTech Inc. now owns 152,935 shares of the exchange traded fund’s stock valued at $8,306,000 after acquiring an additional 723 shares during the period. Finally, Dorsey Wright & Associates bought a new stake in iShares MSCI Spain ETF in the 1st quarter valued at $743,000. Institutional investors own 38.17% of the company’s stock.

iShares MSCI Spain ETF Company Profile

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index Fund, is an exchange-traded fund. 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 Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.