iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Large Increase in Short Interest

iShares MSCI Italy ETF (NYSEARCA:EWI) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,125,116 shares, a growth of 525.7% from the September 15th total of 179,824 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average daily trading volume, of 281,878 shares, the days-to-cover ratio is presently 4.0 days.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Hedge funds have recently modified their holdings of the business. Cairn Investment Group Inc. acquired a new position in iShares MSCI Italy ETF during the second quarter worth $15,604,000. Arlington Capital Management Inc. lifted its stake in iShares MSCI Italy ETF by 69.0% in the 1st quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock valued at $5,464,000 after buying an additional 41,754 shares in the last quarter. Moran Wealth Management LLC raised its holdings in shares of iShares MSCI Italy ETF by 13.3% in the first quarter. Moran Wealth Management LLC now owns 176,338 shares of the exchange traded fund’s stock worth $9,420,000 after acquiring an additional 20,764 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in iShares MSCI Italy ETF in the 2nd quarter valued at about $1,058,000. Finally, Knollwood Investment Advisory LLC acquired a new position in shares of iShares MSCI Italy ETF in the second quarter valued at approximately $1,007,000. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Italy ETF Trading Up 0.5%

NYSEARCA:EWI traded up $0.27 during trading hours on Friday, hitting $56.32. The company’s stock had a trading volume of 2,424,743 shares, compared to its average volume of 464,764. The stock has a fifty day moving average of $61.16 and a 200-day moving average of $59.36. The stock has a market capitalization of $1.14 billion, a P/E ratio of 12.30 and a beta of 0.88. iShares MSCI Italy ETF has a 52-week low of $50.05 and a 52-week high of $63.76.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped 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 Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.