iShares MSCI Malaysia ETF (NYSEARCA:EWM) Short Interest Down 38.1% in June

iShares MSCI Malaysia ETF (NYSEARCA:EWM) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 325,726 shares, a decrease of 38.1% from the June 15th total of 526,116 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 285,648 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jessup Wealth Management Inc acquired a new stake in shares of iShares MSCI Malaysia ETF in the 4th quarter valued at about $72,000. BOCHK Asset Management Ltd grew its holdings in shares of iShares MSCI Malaysia ETF by 250.0% during the fourth quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock worth $77,000 after buying an additional 2,000 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares MSCI Malaysia ETF during the second quarter worth about $84,000. AlphaCentric Advisors LLC acquired a new stake in iShares MSCI Malaysia ETF in the 4th quarter valued at approximately $152,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares MSCI Malaysia ETF in the 4th quarter valued at approximately $161,000. 86.75% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Malaysia ETF Price Performance

NYSEARCA EWM opened at $28.18 on Friday. The stock’s 50-day moving average is $28.12 and its two-hundred day moving average is $28.62. iShares MSCI Malaysia ETF has a fifty-two week low of $23.48 and a fifty-two week high of $30.64. The firm has a market cap of $310.54 million, a P/E ratio of 14.29 and a beta of 0.47.

iShares MSCI Malaysia ETF Company Profile

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