iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Update

iShares MSCI Australia ETF (NYSEARCA:EWA) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,364,439 shares, a drop of 55.2% from the December 31st total of 3,045,951 shares. Based on an average daily trading volume, of 4,186,456 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.9% of the shares of the company are short sold. Currently, 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 4,186,456 shares, the days-to-cover ratio is currently 0.3 days.

iShares MSCI Australia ETF Stock Up 0.9%

EWA traded up $0.25 on Thursday, hitting $28.42. 12,571,617 shares of the company traded hands, compared to its average volume of 5,164,527. iShares MSCI Australia ETF has a 12-month low of $20.50 and a 12-month high of $28.65. The company has a 50 day moving average of $26.37 and a 200-day moving average of $26.62. The stock has a market capitalization of $1.31 billion, a PE ratio of 19.89 and a beta of 1.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWA. Comerica Bank lifted its holdings in iShares MSCI Australia ETF by 21.7% in the 1st quarter. Comerica Bank now owns 3,627 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 646 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in iShares MSCI Australia ETF in the first quarter valued at approximately $42,000. BOCHK Asset Management Ltd acquired a new position in iShares MSCI Australia ETF in the 2nd quarter worth $211,000. Mirae Asset Global Investments Co. Ltd. grew its stake in iShares MSCI Australia ETF by 10.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,532 shares of the exchange traded fund’s stock valued at $8,226,000 after purchasing an additional 28,762 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA purchased a new stake in iShares MSCI Australia ETF during the 2nd quarter worth approximately $1,808,000. 59.69% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.