iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Significant Decrease in Short Interest

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 358,695 shares, a decrease of 68.1% from the September 30th total of 1,125,116 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 741,053 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Monument Capital Management lifted its stake in shares of iShares MSCI Italy ETF by 0.4% in the 3rd quarter. Monument Capital Management now owns 74,156 shares of the exchange traded fund’s stock worth $4,354,000 after purchasing an additional 273 shares during the period. Contravisory Investment Management Inc. grew its position in iShares MSCI Italy ETF by 2.0% during the second quarter. Contravisory Investment Management Inc. now owns 23,232 shares of the exchange traded fund’s stock valued at $1,376,000 after buying an additional 459 shares during the period. Pacifica Partners Inc. bought a new stake in iShares MSCI Italy ETF during the second quarter valued at approximately $30,000. Global Assets Advisory LLC increased its holdings in iShares MSCI Italy ETF by 6.0% during the third quarter. Global Assets Advisory LLC now owns 9,664 shares of the exchange traded fund’s stock valued at $555,000 after buying an additional 550 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in iShares MSCI Italy ETF during the first quarter valued at approximately $39,000. Institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Stock Performance

Shares of EWI stock traded down $0.52 on Friday, reaching $55.87. The stock had a trading volume of 187,186 shares, compared to its average volume of 446,863. The stock has a market cap of $1.19 billion, a P/E ratio of 12.30 and a beta of 0.88. iShares MSCI Italy ETF has a 1 year low of $50.48 and a 1 year high of $63.76. The company has a 50 day simple moving average of $59.19 and a 200 day simple moving average of $58.13.

About iShares MSCI Italy ETF

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.