Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Decreases By 71.8%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 736,934 shares, a decline of 71.8% from the May 31st total of 2,614,927 shares. Based on an average trading volume of 489,334 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.9% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of iShares MSCI Switzerland ETF by 6.2% during the 1st quarter. Bank of America Corp DE now owns 2,107,897 shares of the exchange traded fund’s stock worth $123,965,000 after acquiring an additional 122,272 shares during the period. 1607 Capital Partners LLC increased its stake in iShares MSCI Switzerland ETF by 135.7% in the fourth quarter. 1607 Capital Partners LLC now owns 1,494,082 shares of the exchange traded fund’s stock valued at $89,585,000 after acquiring an additional 860,283 shares during the period. Morgan Stanley raised its position in iShares MSCI Switzerland ETF by 6.8% in the fourth quarter. Morgan Stanley now owns 999,835 shares of the exchange traded fund’s stock worth $59,950,000 after purchasing an additional 63,355 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares MSCI Switzerland ETF by 142.2% in the third quarter. JPMorgan Chase & Co. now owns 725,576 shares of the exchange traded fund’s stock worth $40,081,000 after purchasing an additional 425,970 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in iShares MSCI Switzerland ETF by 1.0% during the fourth quarter. Vontobel Holding Ltd. now owns 674,489 shares of the exchange traded fund’s stock worth $40,442,000 after purchasing an additional 6,848 shares during the period. Institutional investors own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Trading Down 0.6%

NYSEARCA:EWL traded down $0.40 during trading hours on Friday, hitting $62.40. 327,301 shares of the company traded hands, compared to its average volume of 655,641. iShares MSCI Switzerland ETF has a twelve month low of $51.83 and a twelve month high of $65.53. The firm has a 50-day moving average of $61.76 and a 200 day moving average of $61.08. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 21.82 and a beta of 0.77.

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.