iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Short Interest Falls 68.1%

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 358,695 shares, a decline of 68.1% from the September 30th total of 1,125,116 shares. Based on an average daily volume of 741,053 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.7% of the shares of the stock are sold short.

iShares MSCI Italy ETF Trading Up 0.4%

Shares of NYSEARCA:EWI traded up $0.25 during mid-day trading on Thursday, reaching $56.39. The stock had a trading volume of 136,613 shares, compared to its average volume of 448,111. The business’s 50 day moving average price is $59.32 and its 200 day moving average price is $58.12. iShares MSCI Italy ETF has a 1 year low of $50.48 and a 1 year high of $63.76. The company has a market cap of $1.21 billion, a P/E ratio of 12.30 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cairn Investment Group Inc. bought a new stake in iShares MSCI Italy ETF in the second quarter worth $15,604,000. Nilsine Partners LLC lifted its position in iShares MSCI Italy ETF by 1.6% during the second quarter. Nilsine Partners LLC now owns 179,139 shares of the exchange traded fund’s stock valued at $10,612,000 after purchasing an additional 2,900 shares during the last quarter. Moran Wealth Management LLC lifted its position in iShares MSCI Italy ETF by 13.3% during the first quarter. Moran Wealth Management LLC now owns 176,338 shares of the exchange traded fund’s stock valued at $9,420,000 after purchasing an additional 20,764 shares during the last quarter. CacheTech Inc. grew its stake in shares of iShares MSCI Italy ETF by 2.4% in the 1st quarter. CacheTech Inc. now owns 155,026 shares of the exchange traded fund’s stock worth $8,281,000 after buying an additional 3,668 shares in the last quarter. Finally, Arlington Capital Management Inc. grew its stake in shares of iShares MSCI Italy ETF by 69.0% in the 1st quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock worth $5,464,000 after buying an additional 41,754 shares in the last quarter. 37.96% of the stock is currently owned by institutional investors.

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.