iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Short Interest Update

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,522,169 shares, a decrease of 70.2% from the June 30th total of 5,113,071 shares. Based on an average daily volume of 2,058,891 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.8% of the shares of the company are short sold.

iShares MSCI United Kingdom ETF Stock Performance

NYSEARCA EWU traded up $0.14 during trading on Monday, reaching $47.37. The company’s stock had a trading volume of 451,827 shares, compared to its average volume of 1,863,029. The business’s fifty day moving average price is $46.56 and its 200-day moving average price is $46.46. iShares MSCI United Kingdom ETF has a twelve month low of $39.60 and a twelve month high of $48.92. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 15.42 and a beta of 0.59.

Institutional Trading of iShares MSCI United Kingdom ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Purpose Unlimited Inc. purchased a new position in shares of iShares MSCI United Kingdom ETF in the 4th quarter valued at approximately $25,000. Allworth Financial LP raised its stake in shares of iShares MSCI United Kingdom ETF by 105.8% during the fourth quarter. Allworth Financial LP now owns 963 shares of the company’s stock worth $42,000 after purchasing an additional 495 shares during the last quarter. Evelyn Partners Investment Management LLP lifted its holdings in shares of iShares MSCI United Kingdom ETF by 216.7% during the fourth quarter. Evelyn Partners Investment Management LLP now owns 950 shares of the company’s stock worth $42,000 after purchasing an additional 650 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of iShares MSCI United Kingdom ETF by 28.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,002 shares of the company’s stock worth $44,000 after purchasing an additional 223 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of iShares MSCI United Kingdom ETF by 201.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,206 shares of the company’s stock worth $53,000 after purchasing an additional 806 shares during the period. 58.38% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI United Kingdom ETF

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.