iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Large Increase in Short Interest

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 496,520 shares, a growth of 98.0% from the February 12th total of 250,814 shares. Based on an average daily volume of 491,697 shares, the short-interest ratio is currently 1.0 days. Currently, 1.8% of the shares of the company are sold short. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 491,697 shares, the short-interest ratio is currently 1.0 days.

iShares MSCI Switzerland ETF Price Performance

NYSEARCA EWL traded down $0.73 during trading on Thursday, reaching $59.36. 765,106 shares of the company’s stock were exchanged, compared to its average volume of 635,356. The business has a 50 day moving average price of $62.03 and a 200-day moving average price of $58.66. The stock has a market capitalization of $1.60 billion, a P/E ratio of 21.82 and a beta of 0.81. iShares MSCI Switzerland ETF has a fifty-two week low of $46.22 and a fifty-two week high of $65.53.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bayban acquired a new position in iShares MSCI Switzerland ETF in the fourth quarter valued at about $35,000. Edmond DE Rothschild Holding S.A. acquired a new stake in iShares MSCI Switzerland ETF during the second quarter worth about $38,000. Advisory Services Network LLC bought a new position in iShares MSCI Switzerland ETF in the 3rd quarter valued at about $44,000. Harbour Investments Inc. increased its holdings in iShares MSCI Switzerland ETF by 359.2% in the 4th quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 643 shares during the period. Finally, MAI Capital Management lifted its holdings in shares of iShares MSCI Switzerland ETF by 631.1% during the 3rd quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 833 shares during the period. 68.30% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index 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 Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.