iShares MSCI Belgium ETF (NYSEARCA:EWK) Sees Significant Decrease in Short Interest

iShares MSCI Belgium ETF (NYSEARCA:EWK) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 187,767 shares, a drop of 86.9% from the May 31st total of 1,432,337 shares. Based on an average daily volume of 42,714 shares, the short-interest ratio is currently 4.4 days. Currently, 4.3% of the company’s shares are short sold.

iShares MSCI Belgium ETF Stock Up 0.4%

NYSEARCA:EWK traded up $0.10 during trading hours on Friday, reaching $26.96. 124,298 shares of the stock were exchanged, compared to its average volume of 44,717. iShares MSCI Belgium ETF has a twelve month low of $21.74 and a twelve month high of $27.73. The business has a 50-day moving average of $26.50 and a two-hundred day moving average of $25.69. The company has a market capitalization of $118.62 million, a price-to-earnings ratio of 18.50 and a beta of 0.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EWK. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Belgium ETF in the second quarter valued at approximately $65,000. Bank of Montreal Can purchased a new stake in shares of iShares MSCI Belgium ETF during the fourth quarter worth $80,000. Osaic Holdings Inc. raised its stake in shares of iShares MSCI Belgium ETF by 26.2% in the second quarter. Osaic Holdings Inc. now owns 3,769 shares of the company’s stock valued at $83,000 after acquiring an additional 782 shares in the last quarter. Idaho Trust Co boosted its holdings in iShares MSCI Belgium ETF by 51.6% in the fourth quarter. Idaho Trust Co now owns 13,560 shares of the company’s stock valued at $330,000 after purchasing an additional 4,615 shares during the period. Finally, DRW Securities LLC grew its stake in iShares MSCI Belgium ETF by 39.0% during the 4th quarter. DRW Securities LLC now owns 23,400 shares of the company’s stock worth $569,000 after purchasing an additional 6,566 shares in the last quarter.

iShares MSCI Belgium ETF Company Profile

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market Index Fund (the Fund), is an exchange-traded fund. The 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.