iShares MSCI Canada ETF (NYSEARCA:EWC) Short Interest Update

iShares MSCI Canada ETF (NYSEARCA:EWC) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,639,099 shares, a drop of 67.7% from the May 31st total of 8,166,971 shares. Based on an average daily volume of 1,960,917 shares, the short-interest ratio is currently 1.3 days. Currently, 3.0% of the shares of the company are sold short.

iShares MSCI Canada ETF Stock Down 0.5%

Shares of EWC stock traded down $0.31 during trading on Monday, reaching $57.49. 1,363,425 shares of the company’s stock were exchanged, compared to its average volume of 2,529,781. The firm’s fifty day moving average price is $58.16 and its 200-day moving average price is $56.37. iShares MSCI Canada ETF has a twelve month low of $45.66 and a twelve month high of $59.52. The stock has a market capitalization of $5.14 billion, a PE ratio of 19.77 and a beta of 0.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of iShares MSCI Canada ETF by 1.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock valued at $62,538,000 after acquiring an additional 21,113 shares during the period. Sei Investments Co. boosted its holdings in shares of iShares MSCI Canada ETF by 5.5% in the 2nd quarter. Sei Investments Co. now owns 18,604 shares of the exchange traded fund’s stock valued at $860,000 after purchasing an additional 974 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in iShares MSCI Canada ETF by 21.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 19,541 shares of the exchange traded fund’s stock valued at $903,000 after acquiring an additional 3,452 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of iShares MSCI Canada ETF by 8.5% during the 2nd quarter. Quantinno Capital Management LP now owns 40,675 shares of the exchange traded fund’s stock valued at $1,879,000 after purchasing an additional 3,198 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of iShares MSCI Canada ETF by 8.4% during the second quarter. Ameriprise Financial Inc. now owns 743,924 shares of the exchange traded fund’s stock worth $34,373,000 after buying an additional 57,457 shares during the last quarter.

iShares MSCI Canada ETF Company Profile

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.