iShares MSCI Singapore ETF (NYSEARCA:EWS) Sees Significant Increase in Short Interest

iShares MSCI Singapore ETF (NYSEARCA:EWS) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,300,318 shares, a growth of 459.4% from the May 14th total of 411,218 shares. Currently, 8.2% of the shares of the company are short sold. Based on an average trading volume of 779,757 shares, the short-interest ratio is presently 3.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares MSCI Singapore ETF during the 4th quarter worth approximately $28,000. Fifth Third Bancorp bought a new position in iShares MSCI Singapore ETF in the 1st quarter valued at approximately $29,000. Purpose Unlimited Inc. bought a new position in iShares MSCI Singapore ETF in the 4th quarter valued at approximately $35,000. Harbour Investments Inc. bought a new position in iShares MSCI Singapore ETF in the 4th quarter valued at approximately $50,000. Finally, Kestra Advisory Services LLC bought a new position in iShares MSCI Singapore ETF in the 4th quarter valued at approximately $109,000. 52.30% of the stock is owned by institutional investors.

iShares MSCI Singapore ETF Stock Down 1.2%

Shares of EWS traded down $0.34 during mid-day trading on Wednesday, hitting $28.53. 765,137 shares of the company’s stock were exchanged, compared to its average volume of 954,608. iShares MSCI Singapore ETF has a 52 week low of $24.84 and a 52 week high of $30.01. The stock’s 50-day simple moving average is $29.00 and its 200-day simple moving average is $28.38. The firm has a market cap of $798.84 million, a price-to-earnings ratio of 15.28 and a beta of 0.56.

About iShares MSCI Singapore ETF

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).