Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Decreases By 57.5%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 243,991 shares, a decline of 57.5% from the November 30th total of 574,355 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 577,233 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 577,233 shares, the short-interest ratio is currently 0.4 days. Approximately 1.0% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Several institutional investors have recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. acquired a new stake in iShares MSCI Switzerland ETF in the 2nd quarter worth about $38,000. Advisory Services Network LLC acquired a new position in shares of iShares MSCI Switzerland ETF during the 3rd quarter valued at about $44,000. MAI Capital Management lifted its holdings in shares of iShares MSCI Switzerland ETF by 631.1% during the 3rd quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 833 shares during the period. Parallel Advisors LLC acquired a new stake in shares of iShares MSCI Switzerland ETF in the second quarter worth approximately $56,000. Finally, IFP Advisors Inc purchased a new stake in iShares MSCI Switzerland ETF in the third quarter valued at approximately $60,000. 68.30% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Price Performance

EWL traded up $0.01 during trading on Friday, hitting $60.54. The company’s stock had a trading volume of 371,423 shares, compared to its average volume of 448,962. iShares MSCI Switzerland ETF has a twelve month low of $45.80 and a twelve month high of $60.60. The stock has a market cap of $1.46 billion, a PE ratio of 21.82 and a beta of 0.81. The firm’s 50 day moving average price is $57.53 and its 200-day moving average price is $55.85.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index 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 Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single 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.