iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Large Drop in Short Interest

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 250,814 shares, a decrease of 26.4% from the January 29th total of 340,580 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 536,896 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 536,896 shares, the short-interest ratio is presently 0.5 days. Currently, 0.9% of the company’s stock are short sold.

iShares MSCI Switzerland ETF Price Performance

Shares of EWL traded down $1.49 during midday trading on Monday, hitting $63.59. The stock had a trading volume of 707,566 shares, compared to its average volume of 526,074. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81. The company has a 50 day simple moving average of $61.93 and a two-hundred day simple moving average of $58.38. iShares MSCI Switzerland ETF has a twelve month low of $46.22 and a twelve month high of $65.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. bought a new position in shares of iShares MSCI Switzerland ETF in the 2nd quarter valued at about $38,000. Advisory Services Network LLC acquired a new position in shares of iShares MSCI Switzerland ETF during the 3rd quarter worth approximately $44,000. Harbour Investments Inc. boosted its holdings in shares of iShares MSCI Switzerland ETF by 359.2% in the 4th quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 643 shares during the last quarter. MAI Capital Management grew its stake in shares of iShares MSCI Switzerland ETF by 631.1% in the third quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 833 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of iShares MSCI Switzerland ETF in the fourth quarter valued at $54,000. Institutional investors own 68.30% of the company’s stock.

About iShares MSCI Switzerland ETF

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.