iShares MSCI Canada ETF (NYSEARCA:EWC) Short Interest Down 67.7% in June

iShares MSCI Canada ETF (NYSEARCA:EWC) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 2,639,099 shares, a drop of 67.7% from the May 31st total of 8,166,971 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily volume of 1,960,917 shares, the days-to-cover ratio is presently 1.3 days.

iShares MSCI Canada ETF Stock Up 0.3%

Shares of NYSEARCA EWC traded up $0.15 during midday trading on Tuesday, hitting $57.64. The stock had a trading volume of 1,316,829 shares, compared to its average volume of 2,518,551. The business’s 50 day moving average is $58.16 and its 200-day moving average is $56.37. iShares MSCI Canada ETF has a 52 week low of $45.66 and a 52 week high of $59.52. The company has a market cap of $5.15 billion, a P/E ratio of 19.77 and a beta of 0.85.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in shares of iShares MSCI Canada ETF by 52.4% in the first quarter. The Manufacturers Life Insurance Company now owns 4,841,833 shares of the exchange traded fund’s stock worth $265,284,000 after purchasing an additional 1,663,788 shares during the last quarter. Bank of America Corp DE boosted its position in shares of iShares MSCI Canada ETF by 8.1% during the first quarter. Bank of America Corp DE now owns 2,081,714 shares of the exchange traded fund’s stock valued at $114,057,000 after buying an additional 156,792 shares during the last quarter. Assetmark Inc. increased its holdings in iShares MSCI Canada ETF by 5.4% in the 1st quarter. Assetmark Inc. now owns 1,800,052 shares of the exchange traded fund’s stock worth $98,625,000 after buying an additional 91,652 shares in the last quarter. Korea Investment CORP increased its holdings in iShares MSCI Canada ETF by 5.7% in the 4th quarter. Korea Investment CORP now owns 1,757,957 shares of the exchange traded fund’s stock worth $94,807,000 after buying an additional 94,857 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in iShares MSCI Canada ETF by 1.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock worth $62,538,000 after buying an additional 21,113 shares during the last quarter.

iShares MSCI Canada ETF Company Profile

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