iShares MSCI Singapore ETF (NYSEARCA:EWS) Stock Short Interest Declines 41.1%

iShares MSCI Singapore ETF (NYSEARCA:EWS) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,512,720 shares, a decrease of 41.1% from the September 15th total of 2,567,095 shares. Based on an average trading volume of 1,100,115 shares, the days-to-cover ratio is currently 1.4 days. Currently, 3.3% of the shares of the stock are short sold.

iShares MSCI Singapore ETF Trading Down 0.3%

Shares of NYSEARCA EWS traded down $0.11 during midday trading on Friday, reaching $31.34. The company’s stock had a trading volume of 1,481,587 shares, compared to its average volume of 1,072,122. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 15.28 and a beta of 0.57. iShares MSCI Singapore ETF has a one year low of $26.69 and a one year high of $34.60. The company has a 50 day moving average price of $33.34 and a 200 day moving average price of $31.07.

Institutional Investors Weigh In On iShares MSCI Singapore ETF

Several hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Singapore ETF in the 1st quarter worth approximately $29,000. Purpose Unlimited Inc. bought a new position in shares of iShares MSCI Singapore ETF during the 4th quarter worth approximately $35,000. PNC Financial Services Group Inc. lifted its position in shares of iShares MSCI Singapore ETF by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,609 shares of the company’s stock worth $525,000 after buying an additional 1,369 shares during the period. Wealthfront Advisers LLC boosted its stake in iShares MSCI Singapore ETF by 10.9% in the 1st quarter. Wealthfront Advisers LLC now owns 14,327 shares of the company’s stock valued at $404,000 after buying an additional 1,407 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its stake in iShares MSCI Singapore ETF by 13.1% in the 1st quarter. Baker Ellis Asset Management LLC now owns 14,700 shares of the company’s stock valued at $415,000 after buying an additional 1,700 shares in the last quarter. 52.30% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Singapore ETF Company Profile

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).