iShares MSCI France ETF (NYSEARCA:EWQ) Short Interest Down 21.2% in January

iShares MSCI France ETF (NYSEARCA:EWQ) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 713,173 shares, a drop of 21.2% from the December 31st total of 905,202 shares. Based on an average daily volume of 403,186 shares, the days-to-cover ratio is currently 1.8 days. Approximately 8.3% of the shares of the stock are sold short. Approximately 8.3% of the shares of the stock are sold short. Based on an average daily volume of 403,186 shares, the days-to-cover ratio is currently 1.8 days.

iShares MSCI France ETF Stock Down 1.0%

EWQ traded down $0.47 on Friday, hitting $45.35. The company had a trading volume of 362,778 shares, compared to its average volume of 403,029. iShares MSCI France ETF has a 12-month low of $35.24 and a 12-month high of $46.37. The company has a market cap of $390.01 million, a PE ratio of 17.82 and a beta of 0.98. The business’s fifty day simple moving average is $45.05 and its 200 day simple moving average is $44.12.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI France ETF during the 2nd quarter valued at about $30,000. BNP Paribas Financial Markets raised its position in iShares MSCI France ETF by 106.3% in the third quarter. BNP Paribas Financial Markets now owns 949 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 489 shares during the period. Comerica Bank increased its stake in iShares MSCI France ETF by 54.9% during the 1st quarter. Comerica Bank now owns 1,182 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 419 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of iShares MSCI France ETF by 46.8% during the second quarter. TD Waterhouse Canada Inc. now owns 2,274 shares of the exchange traded fund’s stock worth $97,000 after buying an additional 725 shares during the period. Finally, USA Financial Formulas purchased a new stake in iShares MSCI France ETF during the 4th quarter worth about $151,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI France ETF Company Profile

iShares MSCI France ETF, formerly iShares MSCI France Index 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 French market, as measured by the MSCI France Index (the Index). The Index seeks to measure the performance of the French equity market. The Index consists of stocks traded primarily on the Paris Stock Exchange. The Fund invests in sectors, such as industrials, financials, energy, consumer discretionary, consumer staples, healthcare, materials, telecommunication services, utilities and information technology.