iShares MSCI Belgium ETF (NYSEARCA:EWK) Short Interest Down 35.1% in April

iShares MSCI Belgium ETF (NYSEARCA:EWK) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 50,917 shares, a drop of 35.1% from the April 15th total of 78,456 shares. Based on an average daily volume of 72,341 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI Belgium ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. grew its stake in iShares MSCI Belgium ETF by 26.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,769 shares of the company’s stock worth $83,000 after acquiring an additional 782 shares during the period. Raymond James Financial Inc. purchased a new stake in iShares MSCI Belgium ETF in the 2nd quarter worth approximately $65,000. Bank of Montreal Can purchased a new stake in iShares MSCI Belgium ETF in the 4th quarter worth approximately $80,000. Idaho Trust Co grew its stake in iShares MSCI Belgium ETF by 51.6% in the 4th quarter. Idaho Trust Co now owns 13,560 shares of the company’s stock worth $330,000 after acquiring an additional 4,615 shares during the period. Finally, DRW Securities LLC grew its stake in iShares MSCI Belgium ETF by 39.0% in the 4th quarter. DRW Securities LLC now owns 23,400 shares of the company’s stock worth $569,000 after acquiring an additional 6,566 shares during the period.

iShares MSCI Belgium ETF Stock Up 0.1%

Shares of EWK traded up $0.03 during mid-day trading on Tuesday, reaching $26.28. 3,114 shares of the company’s stock were exchanged, compared to its average volume of 42,905. The company has a 50-day simple moving average of $25.24 and a two-hundred day simple moving average of $25.11. iShares MSCI Belgium ETF has a 52-week low of $21.42 and a 52-week high of $27.63. The company has a market cap of $115.63 million, a price-to-earnings ratio of 18.50 and a beta of 0.68.

About iShares MSCI Belgium ETF

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market Index Fund (the 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.