iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Down 66.5% in July

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 370,812 shares, a drop of 66.5% from the July 15th total of 1,106,933 shares. Based on an average trading volume of 421,310 shares, the short-interest ratio is presently 0.9 days. Approximately 2.2% of the company’s shares are sold short.

iShares MSCI Italy ETF Stock Performance

Shares of EWI stock traded down $0.02 during mid-day trading on Friday, hitting $63.27. The company’s stock had a trading volume of 419,529 shares, compared to its average volume of 479,120. The company has a market cap of $1.07 billion, a PE ratio of 12.30 and a beta of 0.87. The company’s fifty day simple moving average is $60.75 and its 200-day simple moving average is $57.86. iShares MSCI Italy ETF has a 52 week low of $50.05 and a 52 week high of $63.76.

Institutional Investors Weigh In On iShares MSCI Italy ETF

Large investors have recently added to or reduced their stakes in the business. DV Equities LLC acquired a new position in iShares MSCI Italy ETF in the fourth quarter valued at approximately $27,000. Biltmore Family Office LLC acquired a new stake in shares of iShares MSCI Italy ETF during the 4th quarter worth approximately $28,000. Strategic Advocates LLC grew its position in shares of iShares MSCI Italy ETF by 94.9% during the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 336 shares during the period. Fifth Third Bancorp bought a new stake in shares of iShares MSCI Italy ETF in the 1st quarter valued at $39,000. Finally, NewEdge Advisors LLC increased its stake in shares of iShares MSCI Italy ETF by 1,596.5% in the 1st quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 910 shares in the last quarter. Institutional investors and hedge funds own 37.96% of the company’s stock.

iShares MSCI Italy ETF Company Profile

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