iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Down 33.8% in December

iShares MSCI Australia ETF (NYSEARCA:EWA) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,224,395 shares, a decline of 33.8% from the November 30th total of 1,850,021 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily volume of 4,160,200 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 4,160,200 shares, the short-interest ratio is presently 0.3 days. Approximately 2.3% of the shares of the company are sold short.

iShares MSCI Australia ETF Stock Down 0.7%

EWA traded down $0.20 during trading on Monday, hitting $26.48. 6,725,533 shares of the company traded hands, compared to its average volume of 2,746,025. The firm has a market cap of $1.44 billion, a P/E ratio of 19.89 and a beta of 1.04. The stock’s fifty day moving average is $26.32 and its 200 day moving average is $26.53. iShares MSCI Australia ETF has a one year low of $20.50 and a one year high of $27.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EWA. Comerica Bank raised its holdings in shares of iShares MSCI Australia ETF by 21.7% in the 1st quarter. Comerica Bank now owns 3,627 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 646 shares during the period. Evergreen Capital Management LLC grew its holdings in iShares MSCI Australia ETF by 8.9% during the first quarter. Evergreen Capital Management LLC now owns 69,717 shares of the exchange traded fund’s stock valued at $1,634,000 after purchasing an additional 5,685 shares during the period. DRW Securities LLC increased its position in iShares MSCI Australia ETF by 148.7% in the first quarter. DRW Securities LLC now owns 60,094 shares of the exchange traded fund’s stock worth $1,409,000 after buying an additional 35,927 shares during the last quarter. Amundi increased its position in iShares MSCI Australia ETF by 4.4% in the first quarter. Amundi now owns 114,700 shares of the exchange traded fund’s stock worth $2,667,000 after buying an additional 4,800 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. bought a new stake in shares of iShares MSCI Australia ETF in the first quarter valued at $322,000. 59.69% of the stock is owned by institutional investors.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.