iShares MSCI Malaysia ETF (NYSEARCA:EWM) Short Interest Update

iShares MSCI Malaysia ETF (NYSEARCA:EWM) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 177,244 shares, a drop of 80.0% from the May 14th total of 886,716 shares. Based on an average trading volume of 276,894 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.4% of the shares of the stock are short sold.

iShares MSCI Malaysia ETF Price Performance

Shares of NYSEARCA EWM traded down $0.07 during mid-day trading on Wednesday, reaching $27.64. 649,296 shares of the company traded hands, compared to its average volume of 399,013. iShares MSCI Malaysia ETF has a fifty-two week low of $23.34 and a fifty-two week high of $30.64. The firm has a market cap of $346.05 million, a PE ratio of 14.29 and a beta of 0.46. The stock has a fifty day simple moving average of $29.03 and a 200-day simple moving average of $28.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State of Tennessee Department of Treasury increased its stake in shares of iShares MSCI Malaysia ETF by 0.8% during the second quarter. State of Tennessee Department of Treasury now owns 2,475,806 shares of the exchange traded fund’s stock valued at $60,261,000 after acquiring an additional 20,287 shares during the period. Breakout Capital Partners LP increased its stake in shares of iShares MSCI Malaysia ETF by 52.3% during the third quarter. Breakout Capital Partners LP now owns 783,676 shares of the exchange traded fund’s stock valued at $20,313,000 after acquiring an additional 269,200 shares during the period. UBS Group AG increased its stake in shares of iShares MSCI Malaysia ETF by 175.8% during the third quarter. UBS Group AG now owns 707,500 shares of the exchange traded fund’s stock valued at $18,338,000 after acquiring an additional 451,008 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of iShares MSCI Malaysia ETF by 2.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 562,939 shares of the exchange traded fund’s stock valued at $15,402,000 after acquiring an additional 11,472 shares during the period. Finally, Citigroup Inc. increased its stake in shares of iShares MSCI Malaysia ETF by 164.8% during the third quarter. Citigroup Inc. now owns 418,120 shares of the exchange traded fund’s stock valued at $10,838,000 after acquiring an additional 260,199 shares during the period. Institutional investors and hedge funds own 86.75% of the company’s stock.

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.