iShares MSCI Spain ETF (NYSEARCA:EWP) Short Interest Up 56.6% in March

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 908,964 shares, a growth of 56.6% from the February 26th total of 580,348 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average trading volume of 908,098 shares, the days-to-cover ratio is presently 1.0 days.

iShares MSCI Spain ETF Stock Performance

NYSEARCA:EWP traded down $0.50 during trading on Friday, reaching $51.96. The company’s stock had a trading volume of 294,576 shares, compared to its average volume of 710,698. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. The firm has a 50 day moving average of $55.13 and a 200-day moving average of $52.63. iShares MSCI Spain ETF has a 12 month low of $33.85 and a 12 month high of $58.32.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in iShares MSCI Spain ETF by 14.0% during the first quarter. Royal Bank of Canada now owns 14,860 shares of the exchange traded fund’s stock worth $565,000 after buying an additional 1,830 shares during the last quarter. Cetera Investment Advisers lifted its stake in iShares MSCI Spain ETF by 371.9% in the second quarter. Cetera Investment Advisers now owns 25,800 shares of the exchange traded fund’s stock valued at $1,136,000 after purchasing an additional 20,333 shares during the last quarter. Hsbc Holdings PLC grew its holdings in iShares MSCI Spain ETF by 17.0% during the second quarter. Hsbc Holdings PLC now owns 4,389,321 shares of the exchange traded fund’s stock valued at $193,262,000 after purchasing an additional 639,320 shares during the period. EverSource Wealth Advisors LLC grew its holdings in iShares MSCI Spain ETF by 3.8% during the second quarter. EverSource Wealth Advisors LLC now owns 12,074 shares of the exchange traded fund’s stock valued at $532,000 after purchasing an additional 445 shares during the period. Finally, Cresset Asset Management LLC increased its position in iShares MSCI Spain ETF by 14.2% in the second quarter. Cresset Asset Management LLC now owns 25,651 shares of the exchange traded fund’s stock worth $1,129,000 after buying an additional 3,186 shares during the last quarter. Institutional investors own 38.17% of the company’s stock.

iShares MSCI Spain ETF Company Profile

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