iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Large Drop in Short Interest

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 4,747,915 shares, a drop of 49.7% from the May 31st total of 9,432,179 shares. Based on an average trading volume of 1,743,943 shares, the short-interest ratio is currently 2.7 days. Approximately 6.4% of the company’s stock are short sold.

Institutional Trading of iShares MSCI United Kingdom ETF

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in shares of iShares MSCI United Kingdom ETF by 117.2% in the 1st quarter. Royal Bank of Canada now owns 4,707,428 shares of the company’s stock valued at $214,472,000 after buying an additional 2,539,863 shares during the last quarter. Bank of America Corp DE lifted its position in iShares MSCI United Kingdom ETF by 11.9% in the third quarter. Bank of America Corp DE now owns 4,100,915 shares of the company’s stock valued at $172,115,000 after acquiring an additional 437,277 shares during the last quarter. Wells Fargo & Company MN boosted its stake in iShares MSCI United Kingdom ETF by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,977,789 shares of the company’s stock valued at $130,963,000 after acquiring an additional 78,566 shares in the last quarter. Morgan Stanley boosted its stake in iShares MSCI United Kingdom ETF by 11.2% in the fourth quarter. Morgan Stanley now owns 2,523,562 shares of the company’s stock valued at $110,986,000 after acquiring an additional 253,162 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of iShares MSCI United Kingdom ETF by 12.3% during the first quarter. Catalyst Capital Advisors LLC now owns 1,439,415 shares of the company’s stock worth $65,580,000 after purchasing an additional 157,908 shares during the last quarter. Hedge funds and other institutional investors own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Trading Down 0.4%

EWU stock traded down $0.20 during trading on Wednesday, hitting $45.94. 1,546,426 shares of the company’s stock were exchanged, compared to its average volume of 1,919,974. The business has a 50-day moving average price of $46.51 and a two-hundred day moving average price of $46.10. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 15.42 and a beta of 0.59. iShares MSCI United Kingdom ETF has a 52-week low of $39.23 and a 52-week high of $48.92.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.