iShares MSCI Switzerland ETF (NYSEARCA:EWL) Shares Shorted: Short Interest Up 103.8% in September

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 767,083 shares, a growth of 103.8% from the August 31st total of 376,373 shares. Based on an average daily volume of 586,544 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.0% of the shares of the company are short sold.

iShares MSCI Switzerland ETF Trading Down 0.7%

Shares of NYSEARCA EWL traded down $0.45 during midday trading on Tuesday, reaching $59.97. The company had a trading volume of 422,465 shares, compared to its average volume of 599,909. iShares MSCI Switzerland ETF has a 1 year low of $54.58 and a 1 year high of $65.53. The business’s 50-day simple moving average is $62.49 and its 200 day simple moving average is $61.69. The stock has a market cap of $2.42 billion, a P/E ratio of 21.82 and a beta of 0.77.

Institutional Trading of iShares MSCI Switzerland ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of iShares MSCI Switzerland ETF by 6.2% in the first quarter. Bank of America Corp DE now owns 2,107,897 shares of the exchange traded fund’s stock valued at $123,965,000 after purchasing an additional 122,272 shares during the period. 1607 Capital Partners LLC increased its holdings in iShares MSCI Switzerland ETF by 135.7% in the 4th quarter. 1607 Capital Partners LLC now owns 1,494,082 shares of the exchange traded fund’s stock worth $89,585,000 after buying an additional 860,283 shares during the period. Vontobel Holding Ltd. raised its position in iShares MSCI Switzerland ETF by 1.0% during the 4th quarter. Vontobel Holding Ltd. now owns 674,489 shares of the exchange traded fund’s stock worth $40,442,000 after buying an additional 6,848 shares during the last quarter. Millburn Ridgefield LLC DE lifted its stake in iShares MSCI Switzerland ETF by 8.0% during the 1st quarter. Millburn Ridgefield LLC DE now owns 541,025 shares of the exchange traded fund’s stock valued at $31,818,000 after acquiring an additional 40,070 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its stake in iShares MSCI Switzerland ETF by 8.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 541,025 shares of the exchange traded fund’s stock valued at $31,818,000 after acquiring an additional 40,070 shares during the period. Institutional investors and hedge funds own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.