Short Interest in iShares MSCI France ETF (NYSEARCA:EWQ) Decreases By 36.8%

iShares MSCI France ETF (NYSEARCA:EWQ) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 679,705 shares, a drop of 36.8% from the April 15th total of 1,074,834 shares. Based on an average daily volume of 288,688 shares, the days-to-cover ratio is presently 2.4 days. Currently, 7.1% of the shares of the stock are sold short.

Institutional Trading of iShares MSCI France ETF

Large investors have recently modified their holdings of the business. Cobblestone Asset Management LLC bought a new stake in shares of iShares MSCI France ETF during the 4th quarter valued at about $676,000. Thrivent Financial for Lutherans bought a new stake in shares of iShares MSCI France ETF during the 3rd quarter valued at about $6,634,000. Rice Partnership LLC boosted its position in shares of iShares MSCI France ETF by 21.2% during the 3rd quarter. Rice Partnership LLC now owns 137,119 shares of the exchange traded fund’s stock valued at $6,024,000 after acquiring an additional 23,955 shares during the last quarter. Trek Financial LLC bought a new stake in shares of iShares MSCI France ETF during the 4th quarter valued at about $740,000. Finally, Arax Advisory Partners bought a new stake in shares of iShares MSCI France ETF during the 4th quarter valued at about $671,000. Institutional investors own 73.46% of the company’s stock.

iShares MSCI France ETF Stock Performance

NYSEARCA EWQ traded down $0.30 during trading hours on Tuesday, hitting $44.53. The company had a trading volume of 201,593 shares, compared to its average volume of 461,325. iShares MSCI France ETF has a 52 week low of $40.91 and a 52 week high of $48.39. The firm has a 50 day simple moving average of $44.50 and a 200 day simple moving average of $45.01. The firm has a market capitalization of $427.49 million, a price-to-earnings ratio of 17.82 and a beta of 0.85.

About iShares MSCI France ETF

iShares MSCI France ETF, formerly iShares MSCI France Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the French market, as measured by the MSCI France Index (the Index). The Index seeks to measure the performance of the French equity market. The Index consists of stocks traded primarily on the Paris Stock Exchange. The Fund invests in sectors, such as industrials, financials, energy, consumer discretionary, consumer staples, healthcare, materials, telecommunication services, utilities and information technology.