iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Sees Large Drop in Short Interest

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 2,963,684 shares, a decrease of 65.6% from the May 31st total of 8,612,256 shares. Based on an average trading volume of 3,410,077 shares, the short-interest ratio is currently 0.9 days. Currently, 7.5% of the company’s stock are short sold.

Institutional Trading of iShares MSCI Hong Kong ETF

A number of large investors have recently added to or reduced their stakes in EWH. Amundi increased its stake in shares of iShares MSCI Hong Kong ETF by 59.6% during the 1st quarter. Amundi now owns 21,700 shares of the exchange traded fund’s stock worth $379,000 after purchasing an additional 8,100 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in iShares MSCI Hong Kong ETF during the first quarter worth approximately $528,000. Goldman Sachs Group Inc. increased its position in iShares MSCI Hong Kong ETF by 3.0% during the first quarter. Goldman Sachs Group Inc. now owns 163,713 shares of the exchange traded fund’s stock worth $2,867,000 after buying an additional 4,716 shares during the last quarter. Marshall Wace LLP bought a new stake in iShares MSCI Hong Kong ETF in the second quarter valued at approximately $854,000. Finally, Cresset Asset Management LLC raised its stake in iShares MSCI Hong Kong ETF by 8.8% in the second quarter. Cresset Asset Management LLC now owns 29,020 shares of the exchange traded fund’s stock valued at $576,000 after buying an additional 2,342 shares during the period. Institutional investors and hedge funds own 50.59% of the company’s stock.

iShares MSCI Hong Kong ETF Price Performance

EWH stock traded down $0.03 during mid-day trading on Friday, reaching $21.09. The company had a trading volume of 3,886,884 shares, compared to its average volume of 4,550,635. The company has a market capitalization of $828.84 million, a price-to-earnings ratio of 14.69 and a beta of 0.38. iShares MSCI Hong Kong ETF has a 52 week low of $19.77 and a 52 week high of $24.66. The stock has a 50 day simple moving average of $22.92 and a two-hundred day simple moving average of $22.85.

About iShares MSCI Hong Kong ETF

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (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 Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.