iShares MSCI Malaysia ETF (NYSEARCA:EWM) Sees Significant Increase in Short Interest

iShares MSCI Malaysia ETF (NYSEARCA:EWM) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 416,300 shares, an increase of 81.7% from the August 15th total of 229,129 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily volume of 210,514 shares, the days-to-cover ratio is currently 2.0 days.

iShares MSCI Malaysia ETF Price Performance

Shares of EWM traded up $0.04 during midday trading on Wednesday, reaching $27.59. The stock had a trading volume of 41,618 shares, compared to its average volume of 334,108. iShares MSCI Malaysia ETF has a 52 week low of $25.23 and a 52 week high of $30.64. The firm’s 50 day moving average price is $28.08 and its 200-day moving average price is $28.42. The company has a market capitalization of $318.72 million, a P/E ratio of 14.29 and a beta of 0.46.

Institutional Investors Weigh In On iShares MSCI Malaysia ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in iShares MSCI Malaysia ETF by 506.5% in the 1st quarter. Royal Bank of Canada now owns 75,987 shares of the exchange traded fund’s stock worth $2,159,000 after acquiring an additional 63,459 shares in the last quarter. Bank of America Corp DE grew its stake in iShares MSCI Malaysia ETF by 118.4% during the 1st quarter. Bank of America Corp DE now owns 64,049 shares of the exchange traded fund’s stock valued at $1,820,000 after acquiring an additional 34,724 shares in the last quarter. Whitcomb & Hess Inc. grew its stake in iShares MSCI Malaysia ETF by 4.1% during the 2nd quarter. Whitcomb & Hess Inc. now owns 384,472 shares of the exchange traded fund’s stock valued at $10,362,000 after acquiring an additional 15,051 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of iShares MSCI Malaysia ETF in the 1st quarter valued at about $364,000. Finally, First Growth Capital LLC acquired a new position in shares of iShares MSCI Malaysia ETF in the 4th quarter valued at about $356,000. 86.75% of the stock is currently owned by institutional investors.

About iShares MSCI Malaysia ETF

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