iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Down 64.9% in August

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 212,767 shares, a decrease of 64.9% from the August 15th total of 605,473 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 165,780 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EWI. Pacifica Partners Inc. purchased a new position in shares of iShares MSCI Italy ETF in the 2nd quarter valued at approximately $30,000. Strategic Advocates LLC increased its position in shares of iShares MSCI Italy ETF by 94.9% during the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 336 shares in the last quarter. Fifth Third Bancorp purchased a new position in iShares MSCI Italy ETF in the 1st quarter worth about $39,000. Harbour Investments Inc. purchased a new stake in iShares MSCI Italy ETF in the fourth quarter worth approximately $65,000. Finally, IFP Advisors Inc purchased a new position in iShares MSCI Italy ETF in the fourth quarter worth about $117,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Stock Performance

Shares of iShares MSCI Italy ETF stock opened at $60.91 on Tuesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.30 and a beta of 0.87. The company has a fifty day moving average of $61.72 and a 200-day moving average of $58.72. iShares MSCI Italy ETF has a 52-week low of $50.05 and a 52-week high of $63.76.

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.