iShares MSCI Netherlands ETF (NYSEARCA:EWN) Sees Large Increase in Short Interest

iShares MSCI Netherlands ETF (NYSEARCA:EWN) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 46,888 shares, a growth of 16.4% from the February 12th total of 40,295 shares. Based on an average daily volume of 76,996 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 76,996 shares, the days-to-cover ratio is presently 0.6 days.

iShares MSCI Netherlands ETF Price Performance

Shares of EWN stock opened at $59.60 on Wednesday. iShares MSCI Netherlands ETF has a fifty-two week low of $41.40 and a fifty-two week high of $64.01. The stock’s 50-day moving average is $61.47 and its two-hundred day moving average is $58.85. The firm has a market cap of $342.70 million, a P/E ratio of 19.71 and a beta of 1.16.

Hedge Funds Weigh In On iShares MSCI Netherlands ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EWN. Royal Bank of Canada increased its stake in shares of iShares MSCI Netherlands ETF by 47.2% during the 1st quarter. Royal Bank of Canada now owns 15,933 shares of the exchange traded fund’s stock worth $746,000 after purchasing an additional 5,106 shares during the last quarter. Mount Lucas Management LP lifted its stake in shares of iShares MSCI Netherlands ETF by 522.6% in the 2nd quarter. Mount Lucas Management LP now owns 14,756 shares of the exchange traded fund’s stock valued at $804,000 after purchasing an additional 12,386 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in iShares MSCI Netherlands ETF in the second quarter worth $149,000. Lido Advisors LLC bought a new stake in iShares MSCI Netherlands ETF in the second quarter worth $1,062,000. Finally, Cresset Asset Management LLC increased its position in iShares MSCI Netherlands ETF by 20.9% during the second quarter. Cresset Asset Management LLC now owns 7,644 shares of the exchange traded fund’s stock worth $417,000 after buying an additional 1,322 shares during the last quarter.

iShares MSCI Netherlands ETF Company Profile

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market 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 Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.