iShares MSCI South Korea ETF (NYSEARCA:EWY) Sees Significant Growth in Short Interest

iShares MSCI South Korea ETF (NYSEARCA:EWY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 14,437,048 shares, an increase of 20.5% from the December 31st total of 11,978,912 shares. Based on an average daily volume of 8,422,840 shares, the days-to-cover ratio is currently 1.7 days. Currently, 15.3% of the shares of the stock are sold short. Currently, 15.3% of the shares of the stock are sold short. Based on an average daily volume of 8,422,840 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its holdings in iShares MSCI South Korea ETF by 1,753.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,296,271 shares of the exchange traded fund’s stock valued at $93,047,000 after buying an additional 1,226,315 shares in the last quarter. Yacktman Asset Management LP purchased a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth $111,279,000. Schroder Investment Management Group boosted its position in shares of iShares MSCI South Korea ETF by 31,122.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,065,620 shares of the exchange traded fund’s stock valued at $75,382,000 after acquiring an additional 1,062,207 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI South Korea ETF by 4,532.1% in the second quarter. JPMorgan Chase & Co. now owns 1,066,257 shares of the exchange traded fund’s stock valued at $76,536,000 after purchasing an additional 1,043,238 shares during the period. Finally, TD Asset Management Inc grew its holdings in shares of iShares MSCI South Korea ETF by 85.5% in the third quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock valued at $123,076,000 after purchasing an additional 708,000 shares during the period. 49.22% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Down 3.3%

iShares MSCI South Korea ETF stock opened at $120.26 on Thursday. The company has a fifty day simple moving average of $103.40 and a 200-day simple moving average of $89.28. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 10.35 and a beta of 1.22. iShares MSCI South Korea ETF has a 52-week low of $48.49 and a 52-week high of $126.64.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.