iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Up 82.7% in May

iShares MSCI Italy ETF (NYSEARCA:EWI) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 949,737 shares, an increase of 82.7% from the May 14th total of 519,802 shares. Currently, 8.3% of the shares of the stock are sold short. Based on an average trading volume of 505,123 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On iShares MSCI Italy ETF

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in iShares MSCI Italy ETF during the 1st quarter worth approximately $233,000. CacheTech Inc. grew its position in iShares MSCI Italy ETF by 2.4% during the 1st quarter. CacheTech Inc. now owns 155,026 shares of the exchange traded fund’s stock worth $8,281,000 after acquiring an additional 3,668 shares during the last quarter. Bank of New York Mellon Corp grew its position in iShares MSCI Italy ETF by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 6,536 shares of the exchange traded fund’s stock worth $349,000 after acquiring an additional 1,107 shares during the last quarter. Global Assets Advisory LLC grew its position in iShares MSCI Italy ETF by 9.6% during the 1st quarter. Global Assets Advisory LLC now owns 8,990 shares of the exchange traded fund’s stock worth $480,000 after acquiring an additional 785 shares during the last quarter. Finally, Arlington Capital Management Inc. boosted its position in iShares MSCI Italy ETF by 69.0% in the 1st quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock valued at $5,464,000 after buying an additional 41,754 shares during the last quarter. 37.96% of the stock is currently owned by institutional investors.

iShares MSCI Italy ETF Trading Down 1.1%

NYSEARCA EWI traded down $0.65 during trading hours on Monday, reaching $60.02. 111,406 shares of the company’s stock were exchanged, compared to its average volume of 467,429. The stock has a market cap of $689.03 million, a PE ratio of 12.30 and a beta of 0.87. iShares MSCI Italy ETF has a one year low of $45.79 and a one year high of $60.74. The firm has a fifty day moving average of $58.10 and a 200-day moving average of $55.74.

About iShares MSCI Italy ETF

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.