iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Large Decrease in Short Interest

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 376,373 shares, a decrease of 56.3% from the August 15th total of 860,833 shares. Based on an average trading volume of 335,189 shares, the short-interest ratio is presently 1.1 days. Currently, 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EWL. Bank of America Corp DE raised its holdings in iShares MSCI Switzerland ETF by 6.2% in the 1st quarter. Bank of America Corp DE now owns 2,107,897 shares of the exchange traded fund’s stock valued at $123,965,000 after acquiring an additional 122,272 shares in the last quarter. 1607 Capital Partners LLC grew its holdings in shares of iShares MSCI Switzerland ETF by 135.7% during the 4th quarter. 1607 Capital Partners LLC now owns 1,494,082 shares of the exchange traded fund’s stock worth $89,585,000 after purchasing an additional 860,283 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of iShares MSCI Switzerland ETF by 1.0% in the fourth quarter. Vontobel Holding Ltd. now owns 674,489 shares of the exchange traded fund’s stock worth $40,442,000 after purchasing an additional 6,848 shares during the period. Millburn Ridgefield LLC DE increased its position in shares of iShares MSCI Switzerland ETF by 8.0% in the first quarter. Millburn Ridgefield LLC DE now owns 541,025 shares of the exchange traded fund’s stock worth $31,818,000 after purchasing an additional 40,070 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in iShares MSCI Switzerland ETF by 8.0% in the first quarter. Catalyst Capital Advisors LLC now owns 541,025 shares of the exchange traded fund’s stock valued at $31,818,000 after purchasing an additional 40,070 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

iShares MSCI Switzerland ETF Stock Performance

NYSEARCA:EWL traded up $0.19 during mid-day trading on Monday, reaching $60.49. 919,881 shares of the company’s stock were exchanged, compared to its average volume of 608,850. iShares MSCI Switzerland ETF has a one year low of $53.70 and a one year high of $65.53. The business’s fifty day simple moving average is $63.10 and its two-hundred day simple moving average is $61.87. The firm has a market capitalization of $2.09 billion, a PE ratio of 21.82 and a beta of 0.77.

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.