Short Interest in iShares MSCI Singapore ETF (NYSEARCA:EWS) Declines By 57.8%

iShares MSCI Singapore ETF (NYSEARCA:EWS) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 971,689 shares, a decline of 57.8% from the May 31st total of 2,300,318 shares. Approximately 3.5% of the shares of the stock are short sold. Based on an average trading volume of 1,463,452 shares, the days-to-cover ratio is presently 0.7 days.

iShares MSCI Singapore ETF Stock Up 0.6%

EWS stock traded up $0.17 during midday trading on Monday, reaching $29.83. 534,245 shares of the company’s stock traded hands, compared to its average volume of 917,832. The company has a 50-day simple moving average of $29.22 and a two-hundred day simple moving average of $28.53. iShares MSCI Singapore ETF has a 1-year low of $25.78 and a 1-year high of $30.01. The company has a market cap of $835.24 million, a price-to-earnings ratio of 15.28 and a beta of 0.56.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EWS. Sun Life Financial Inc. grew its holdings in iShares MSCI Singapore ETF by 0.7% during the 4th quarter. Sun Life Financial Inc. now owns 1,472,605 shares of the company’s stock worth $40,511,000 after acquiring an additional 10,446 shares during the last quarter. UBS Group AG raised its stake in shares of iShares MSCI Singapore ETF by 119.8% in the third quarter. UBS Group AG now owns 904,505 shares of the company’s stock worth $25,634,000 after acquiring an additional 492,982 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of iShares MSCI Singapore ETF by 978.2% during the fourth quarter. Quadrature Capital Ltd now owns 559,475 shares of the company’s stock worth $15,391,000 after purchasing an additional 507,586 shares in the last quarter. Millburn Ridgefield LLC DE lifted its position in shares of iShares MSCI Singapore ETF by 4.8% during the first quarter. Millburn Ridgefield LLC DE now owns 498,619 shares of the company’s stock worth $14,071,000 after purchasing an additional 22,997 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of iShares MSCI Singapore ETF by 4.8% during the first quarter. Catalyst Capital Advisors LLC now owns 498,619 shares of the company’s stock valued at $14,071,000 after purchasing an additional 22,997 shares during the last quarter. 52.30% of the stock is owned by institutional investors.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).