iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Update

iShares MSCI Italy ETF (NYSEARCA:EWI) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 605,473 shares, a growth of 63.3% from the July 30th total of 370,812 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 669,104 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On iShares MSCI Italy ETF

Several large investors have recently bought and sold shares of EWI. Nilsine Partners LLC raised its holdings in iShares MSCI Italy ETF by 1.6% in the 2nd quarter. Nilsine Partners LLC now owns 179,139 shares of the exchange traded fund’s stock valued at $10,612,000 after buying an additional 2,900 shares during the last quarter. Knollwood Investment Advisory LLC bought a new stake in iShares MSCI Italy ETF during the 2nd quarter worth approximately $1,007,000. Pacifica Partners Inc. bought a new stake in iShares MSCI Italy ETF during the 2nd quarter worth approximately $30,000. Cairn Investment Group Inc. acquired a new position in iShares MSCI Italy ETF in the 2nd quarter valued at approximately $15,604,000. Finally, Contravisory Investment Management Inc. increased its position in iShares MSCI Italy ETF by 2.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 23,232 shares of the exchange traded fund’s stock valued at $1,376,000 after acquiring an additional 459 shares during the period. 37.96% of the stock is currently owned by institutional investors.

iShares MSCI Italy ETF Price Performance

Shares of NYSEARCA EWI traded up $0.05 during mid-day trading on Monday, hitting $62.28. 342,734 shares of the stock traded hands, compared to its average volume of 458,353. iShares MSCI Italy ETF has a twelve month low of $50.05 and a twelve month high of $63.76. The company has a market cap of $1.05 billion, a PE ratio of 12.30 and a beta of 0.87. The firm has a 50 day simple moving average of $61.30 and a two-hundred day simple moving average of $58.32.

About iShares MSCI Italy ETF

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying 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 Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.