Short Interest in iShares MSCI Belgium ETF (NYSEARCA:EWK) Declines By 35.1%

iShares MSCI Belgium ETF (NYSEARCA:EWK) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 50,917 shares, a decrease of 35.1% from the April 15th total of 78,456 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 72,341 shares, the short-interest ratio is presently 0.7 days.

iShares MSCI Belgium ETF Stock Performance

Shares of iShares MSCI Belgium ETF stock traded up $0.06 during midday trading on Monday, hitting $26.25. The company had a trading volume of 5,480 shares, compared to its average volume of 43,332. The stock has a market capitalization of $115.50 million, a P/E ratio of 18.50 and a beta of 0.68. The company has a 50 day moving average of $25.22 and a 200 day moving average of $25.09. iShares MSCI Belgium ETF has a 52-week low of $21.30 and a 52-week high of $27.63.

Institutional Trading of iShares MSCI Belgium ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers purchased a new stake in shares of iShares MSCI Belgium ETF in the 1st quarter worth approximately $1,653,000. Moran Wealth Management LLC grew its stake in shares of iShares MSCI Belgium ETF by 18.5% in the 1st quarter. Moran Wealth Management LLC now owns 342,921 shares of the company’s stock worth $8,337,000 after buying an additional 53,415 shares during the last quarter. OLD Mission Capital LLC grew its stake in shares of iShares MSCI Belgium ETF by 2,710.8% in the 4th quarter. OLD Mission Capital LLC now owns 253,534 shares of the company’s stock worth $6,161,000 after buying an additional 244,514 shares during the last quarter. Hilltop Holdings Inc. purchased a new stake in shares of iShares MSCI Belgium ETF in the 4th quarter worth approximately $2,529,000. Finally, DRW Securities LLC grew its stake in shares of iShares MSCI Belgium ETF by 39.0% in the 4th quarter. DRW Securities LLC now owns 23,400 shares of the company’s stock worth $569,000 after buying an additional 6,566 shares during the last quarter.

About iShares MSCI Belgium ETF

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market Index Fund (the 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.