Short Interest in iShares MSCI Singapore ETF (NYSEARCA:EWS) Drops By 57.1%

iShares MSCI Singapore ETF (NYSEARCA:EWS) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 416,562 shares, a drop of 57.1% from the June 15th total of 971,689 shares. Based on an average trading volume of 607,071 shares, the short-interest ratio is presently 0.7 days. Approximately 1.3% of the shares of the company are short sold.

iShares MSCI Singapore ETF Trading Up 1.5%

NYSEARCA:EWS traded up $0.46 during mid-day trading on Wednesday, hitting $32.09. The stock had a trading volume of 998,171 shares, compared to its average volume of 935,761. The company has a 50 day simple moving average of $29.69 and a 200-day simple moving average of $28.82. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 15.28 and a beta of 0.56. iShares MSCI Singapore ETF has a 52 week low of $26.33 and a 52 week high of $32.17.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EWS. Empowered Funds LLC bought a new position in iShares MSCI Singapore ETF in the 1st quarter worth approximately $243,000. Bank of America Corp DE grew its stake in shares of iShares MSCI Singapore ETF by 1.6% in the first quarter. Bank of America Corp DE now owns 109,513 shares of the company’s stock worth $3,090,000 after purchasing an additional 1,750 shares in the last quarter. Amundi grew its stake in shares of iShares MSCI Singapore ETF by 4.8% in the first quarter. Amundi now owns 370,769 shares of the company’s stock worth $10,463,000 after purchasing an additional 17,035 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of iShares MSCI Singapore ETF by 2.0% during the first quarter. Royal Bank of Canada now owns 159,794 shares of the company’s stock valued at $4,510,000 after purchasing an additional 3,136 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of iShares MSCI Singapore ETF during the first quarter valued at about $264,000. 52.30% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).