Short Interest in iShares MSCI Netherlands ETF (NYSEARCA:EWN) Expands By 1,289.7%

iShares MSCI Netherlands ETF (NYSEARCA:EWN) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,497,596 shares, a growth of 1,289.7% from the May 14th total of 107,765 shares. Based on an average daily trading volume, of 188,449 shares, the days-to-cover ratio is currently 7.9 days. Approximately 20.0% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI Netherlands ETF

Hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC acquired a new stake in iShares MSCI Netherlands ETF during the 4th quarter valued at $33,000. AlphaCentric Advisors LLC acquired a new stake in iShares MSCI Netherlands ETF during the 4th quarter valued at $128,000. Raymond James Financial Inc. acquired a new stake in iShares MSCI Netherlands ETF during the 2nd quarter valued at $143,000. Lunt Capital Management Inc. acquired a new stake in iShares MSCI Netherlands ETF during the 3rd quarter valued at $213,000. Finally, Arax Advisory Partners acquired a new stake in iShares MSCI Netherlands ETF during the 4th quarter valued at $222,000.

iShares MSCI Netherlands ETF Stock Up 1.2%

Shares of NYSEARCA:EWN traded up $0.83 during midday trading on Tuesday, hitting $67.47. The stock had a trading volume of 143,825 shares, compared to its average volume of 158,184. iShares MSCI Netherlands ETF has a 12 month low of $50.56 and a 12 month high of $68.62. The business’s 50-day simple moving average is $63.80 and its 200-day simple moving average is $61.16. The company has a market cap of $506.03 million, a P/E ratio of 19.71 and a beta of 1.14.

iShares MSCI Netherlands ETF Company Profile

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market 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 Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.