iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Short Interest Down 70.2% in July

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,522,169 shares, a decrease of 70.2% from the June 30th total of 5,113,071 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 2,058,891 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of iShares MSCI United Kingdom ETF by 117.2% during the 1st quarter. Royal Bank of Canada now owns 4,707,428 shares of the company’s stock worth $214,472,000 after purchasing an additional 2,539,863 shares during the period. Bank of America Corp DE grew its position in iShares MSCI United Kingdom ETF by 23.1% during the second quarter. Bank of America Corp DE now owns 3,663,638 shares of the company’s stock worth $145,520,000 after buying an additional 686,519 shares during the period. Picton Mahoney Asset Management grew its position in iShares MSCI United Kingdom ETF by 101.0% during the fourth quarter. Picton Mahoney Asset Management now owns 6,220 shares of the company’s stock worth $274,000 after buying an additional 640,000 shares during the period. Lido Advisors LLC increased its holdings in iShares MSCI United Kingdom ETF by 157.2% in the first quarter. Lido Advisors LLC now owns 661,451 shares of the company’s stock valued at $30,136,000 after buying an additional 404,254 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of iShares MSCI United Kingdom ETF by 11.2% during the 4th quarter. Morgan Stanley now owns 2,523,562 shares of the company’s stock valued at $110,986,000 after acquiring an additional 253,162 shares during the period. Institutional investors and hedge funds own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Stock Up 1.1%

Shares of iShares MSCI United Kingdom ETF stock opened at $47.23 on Friday. iShares MSCI United Kingdom ETF has a 52-week low of $39.60 and a 52-week high of $48.92. The company’s 50-day simple moving average is $46.56 and its 200-day simple moving average is $46.45. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 15.42 and a beta of 0.59.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.