Short Interest in iShares MSCI Spain ETF (NYSEARCA:EWP) Increases By 593.5%

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 2,227,769 shares, a growth of 593.5% from the May 14th total of 321,247 shares. Based on an average daily trading volume, of 274,008 shares, the days-to-cover ratio is presently 8.1 days. Approximately 6.7% of the shares of the company are short sold.

iShares MSCI Spain ETF Price Performance

EWP stock traded up $2.08 on Thursday, reaching $58.33. The company’s stock had a trading volume of 211,706 shares, compared to its average volume of 581,805. iShares MSCI Spain ETF has a 52 week low of $42.36 and a 52 week high of $58.99. The company has a market capitalization of $1.93 billion, a P/E ratio of 10.89 and a beta of 0.67. The firm has a fifty day moving average of $56.79 and a two-hundred day moving average of $55.18.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BOKF NA bought a new position in iShares MSCI Spain ETF in the 3rd quarter worth approximately $25,000. Comerica Bank boosted its holdings in shares of iShares MSCI Spain ETF by 303.9% in the fourth quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 392 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of iShares MSCI Spain ETF in the first quarter valued at approximately $41,000. Wolff Wiese Magana LLC bought a new position in shares of iShares MSCI Spain ETF in the fourth quarter valued at approximately $44,000. Finally, Private Trust Co. NA boosted its holdings in shares of iShares MSCI Spain ETF by 4,519.2% in the fourth quarter. Private Trust Co. NA now owns 1,201 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 1,175 shares in the last quarter. 38.17% of the stock is owned by institutional investors.

About iShares MSCI Spain ETF

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.