Short Interest in iShares MSCI Australia ETF (NYSEARCA:EWA) Decreases By 55.2%

iShares MSCI Australia ETF (NYSEARCA:EWA) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,364,439 shares, a drop of 55.2% from the December 31st total of 3,045,951 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 4,186,456 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 4,186,456 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.9% of the shares of the company are short sold.

Institutional Trading of iShares MSCI Australia ETF

Hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC acquired a new position in shares of iShares MSCI Australia ETF during the 4th quarter worth approximately $72,000. Palisades Hudson Asset Management L.P. boosted its position in iShares MSCI Australia ETF by 1.5% during the fourth quarter. Palisades Hudson Asset Management L.P. now owns 198,944 shares of the exchange traded fund’s stock worth $5,210,000 after purchasing an additional 2,899 shares during the period. J. Team Financial Inc. acquired a new position in shares of iShares MSCI Australia ETF in the fourth quarter valued at $355,000. Evergreen Capital Management LLC increased its holdings in shares of iShares MSCI Australia ETF by 3.2% in the fourth quarter. Evergreen Capital Management LLC now owns 82,030 shares of the exchange traded fund’s stock valued at $2,148,000 after purchasing an additional 2,550 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of iShares MSCI Australia ETF by 9.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 131,451 shares of the exchange traded fund’s stock worth $3,445,000 after buying an additional 11,038 shares during the last quarter. 59.69% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Australia ETF Trading Down 2.4%

Shares of iShares MSCI Australia ETF stock traded down $0.67 during trading on Friday, hitting $27.75. 11,658,218 shares of the stock were exchanged, compared to its average volume of 5,489,230. The company has a fifty day moving average price of $26.49 and a 200-day moving average price of $26.64. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04. iShares MSCI Australia ETF has a 1-year low of $20.50 and a 1-year high of $28.65.

iShares MSCI Australia ETF Company Profile

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.