Short Interest in iShares MSCI South Korea ETF (NYSEARCA:EWY) Grows By 22.8%

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 15,640,532 shares, a growth of 22.8% from the January 29th total of 12,739,827 shares. Currently, 15.9% of the company’s stock are short sold. Based on an average daily trading volume, of 14,223,520 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 14,223,520 shares, the short-interest ratio is currently 1.1 days. Currently, 15.9% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares MSCI South Korea ETF

Institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in iShares MSCI South Korea ETF during the fourth quarter worth about $26,000. Nvwm LLC purchased a new position in shares of iShares MSCI South Korea ETF during the 4th quarter worth approximately $29,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares MSCI South Korea ETF in the 4th quarter valued at approximately $31,000. Berbice Capital Management LLC purchased a new stake in shares of iShares MSCI South Korea ETF in the fourth quarter valued at approximately $34,000. Finally, Strategic Advocates LLC acquired a new position in iShares MSCI South Korea ETF during the fourth quarter worth $38,000. 49.22% of the stock is owned by institutional investors and hedge funds.

iShares MSCI South Korea ETF Stock Up 1.5%

EWY traded up $2.03 on Wednesday, reaching $134.37. The company had a trading volume of 64,555,573 shares, compared to its average volume of 15,839,372. iShares MSCI South Korea ETF has a 1 year low of $48.49 and a 1 year high of $154.22. The stock has a market capitalization of $13.22 billion, a PE ratio of 10.35 and a beta of 1.22. The stock has a 50-day moving average price of $119.88 and a 200-day moving average price of $97.77.

iShares MSCI South Korea ETF Company Profile

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.