iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Large Decline in Short Interest

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 475,580 shares, a drop of 36.1% from the September 30th total of 743,878 shares. Based on an average trading volume of 1,098,875 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.4% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Spain ETF in the 1st quarter valued at about $41,000. Farther Finance Advisors LLC grew its holdings in iShares MSCI Spain ETF by 156.1% during the third quarter. Farther Finance Advisors LLC now owns 986 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 601 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in iShares MSCI Spain ETF in the 3rd quarter valued at about $65,000. Boreal Capital Management LLC increased its position in shares of iShares MSCI Spain ETF by 21.6% during the 1st quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock valued at $171,000 after purchasing an additional 560 shares during the last quarter. Finally, Boltwood Capital Management purchased a new position in iShares MSCI Spain ETF in the third quarter valued at approximately $211,000. Institutional investors and hedge funds own 38.17% of the company’s stock.

iShares MSCI Spain ETF Price Performance

iShares MSCI Spain ETF stock traded up $0.83 during mid-day trading on Monday, reaching $57.16. 7,219 shares of the company were exchanged, compared to its average volume of 509,734. The company has a fifty day simple moving average of $59.96 and a 200-day simple moving average of $57.95. The firm has a market cap of $1.97 billion, a PE ratio of 10.89 and a beta of 0.67. iShares MSCI Spain ETF has a 12 month low of $49.33 and a 12 month high of $63.44.

iShares MSCI Spain ETF Company Profile

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.