Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Declines By 66.2%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 243,108 shares, a decline of 66.2% from the July 15th total of 719,882 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 420,713 shares, the days-to-cover ratio is currently 0.6 days.

iShares MSCI Switzerland ETF Stock Down 0.7%

EWL stock traded down $0.42 during midday trading on Friday, hitting $63.28. 154,418 shares of the company traded hands, compared to its average volume of 627,244. iShares MSCI Switzerland ETF has a twelve month low of $53.70 and a twelve month high of $65.53. The business has a 50 day simple moving average of $62.73 and a 200-day simple moving average of $61.87. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 21.82 and a beta of 0.77.

Institutional Trading of iShares MSCI Switzerland ETF

Several large investors have recently modified their holdings of the company. 1607 Capital Partners LLC grew its stake in iShares MSCI Switzerland ETF by 135.7% in the 4th quarter. 1607 Capital Partners LLC now owns 1,494,082 shares of the exchange traded fund’s stock valued at $89,585,000 after buying an additional 860,283 shares during the last quarter. Polianta Ltd bought a new stake in iShares MSCI Switzerland ETF during the first quarter valued at about $15,214,000. Lido Advisors LLC grew its position in shares of iShares MSCI Switzerland ETF by 156.4% in the first quarter. Lido Advisors LLC now owns 293,507 shares of the exchange traded fund’s stock valued at $17,261,000 after purchasing an additional 179,023 shares during the last quarter. Royal Bank of Canada grew its position in shares of iShares MSCI Switzerland ETF by 121.5% in the fourth quarter. Royal Bank of Canada now owns 256,369 shares of the exchange traded fund’s stock valued at $15,372,000 after purchasing an additional 140,642 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of iShares MSCI Switzerland ETF by 1,815.2% in the third quarter. Citadel Advisors LLC now owns 147,295 shares of the exchange traded fund’s stock worth $8,137,000 after purchasing an additional 139,604 shares during the period. 68.30% of the stock is owned by institutional investors.

iShares MSCI Switzerland ETF Company Profile

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.