iShares MSCI Sweden ETF (NYSEARCA:EWD) Short Interest Up 76.0% in May

iShares MSCI Sweden ETF (NYSEARCA:EWD) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 278,164 shares, a growth of 76.0% from the May 14th total of 158,089 shares. Based on an average trading volume of 171,938 shares, the short-interest ratio is presently 1.6 days. Approximately 4.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Lunt Capital Management Inc. raised its position in shares of iShares MSCI Sweden ETF by 4.6% during the fourth quarter. Lunt Capital Management Inc. now owns 4,938 shares of the company’s stock valued at $243,000 after buying an additional 215 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of iShares MSCI Sweden ETF by 2.0% during the third quarter. PNC Financial Services Group Inc. now owns 14,686 shares of the company’s stock valued at $693,000 after buying an additional 284 shares during the last quarter. Mount Lucas Management LP raised its position in shares of iShares MSCI Sweden ETF by 1.9% during the third quarter. Mount Lucas Management LP now owns 17,624 shares of the company’s stock valued at $832,000 after buying an additional 329 shares during the last quarter. Sepio Capital LP raised its position in shares of iShares MSCI Sweden ETF by 1.2% during the fourth quarter. Sepio Capital LP now owns 28,285 shares of the company’s stock valued at $1,392,000 after buying an additional 348 shares during the last quarter. Finally, Tidal Investments LLC raised its position in shares of iShares MSCI Sweden ETF by 5.2% during the second quarter. Tidal Investments LLC now owns 12,662 shares of the company’s stock valued at $579,000 after buying an additional 630 shares during the last quarter. Institutional investors and hedge funds own 49.63% of the company’s stock.

iShares MSCI Sweden ETF Stock Down 1.5%

EWD stock traded down $0.79 during mid-day trading on Monday, reaching $50.86. 124,957 shares of the stock traded hands, compared to its average volume of 162,190. The business has a 50-day moving average of $51.73 and a two-hundred day moving average of $51.00. The firm has a market capitalization of $308.72 million, a PE ratio of 20.15 and a beta of 1.08. iShares MSCI Sweden ETF has a 52 week low of $42.99 and a 52 week high of $54.93.

About iShares MSCI Sweden ETF

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