iShares MSCI South Korea ETF (NYSEARCA:EWY) Short Interest Down 43.0% in July

iShares MSCI South Korea ETF (NYSEARCA:EWY) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 21,064,734 shares, a decrease of 43.0% from the July 15th total of 36,969,319 shares. Based on an average daily volume of 28,449,100 shares, the days-to-cover ratio is currently 0.7 days. Approximately 14.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in iShares MSCI South Korea ETF by 102.5% during the first quarter. Bank of America Corp DE now owns 10,928,797 shares of the exchange traded fund’s stock valued at $1,344,351,000 after buying an additional 5,532,980 shares during the period. Morgan Stanley raised its holdings in shares of iShares MSCI South Korea ETF by 31.5% in the 4th quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock worth $331,054,000 after purchasing an additional 814,877 shares during the period. Bridgewater Associates LP lifted its stake in iShares MSCI South Korea ETF by 1.8% in the fourth quarter. Bridgewater Associates LP now owns 2,072,358 shares of the exchange traded fund’s stock valued at $201,475,000 after purchasing an additional 37,242 shares during the last quarter. Hsbc Holdings PLC lifted its stake in iShares MSCI South Korea ETF by 1,764.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock valued at $184,457,000 after purchasing an additional 1,795,557 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in iShares MSCI South Korea ETF by 135.8% during the first quarter. Bank of Nova Scotia now owns 1,823,820 shares of the exchange traded fund’s stock valued at $224,348,000 after purchasing an additional 1,050,220 shares during the period. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Trading Down 8.1%

Shares of EWY traded down $15.05 during trading hours on Tuesday, reaching $170.05. The stock had a trading volume of 34,262,416 shares, compared to its average volume of 20,525,902. The firm has a 50-day simple moving average of $180.78 and a 200 day simple moving average of $160.78. iShares MSCI South Korea ETF has a 12 month low of $70.93 and a 12 month high of $220.89. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 10.35 and a beta of 1.49.

About iShares MSCI South Korea ETF

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