iShares MSCI South Korea ETF (NYSEARCA:EWY) Sees Significant Growth in Short Interest

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 14,437,048 shares, a growth of 20.5% from the December 31st total of 11,978,912 shares. Based on an average daily volume of 8,422,840 shares, the short-interest ratio is currently 1.7 days. Approximately 15.3% of the shares of the company are sold short. Approximately 15.3% of the shares of the company are sold short. Based on an average daily volume of 8,422,840 shares, the short-interest ratio is currently 1.7 days.

iShares MSCI South Korea ETF Price Performance

Shares of EWY stock traded down $3.19 during trading hours on Wednesday, reaching $121.13. 18,013,587 shares of the company traded hands, compared to its average volume of 10,030,905. The firm has a 50-day moving average price of $102.83 and a 200 day moving average price of $89.07. The company has a market cap of $11.77 billion, a P/E ratio of 10.35 and a beta of 1.22. iShares MSCI South Korea ETF has a 12-month low of $48.49 and a 12-month high of $126.64.

Institutional Trading of iShares MSCI South Korea ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Innealta Capital LLC increased its holdings in shares of iShares MSCI South Korea ETF by 179.5% in the second quarter. Innealta Capital LLC now owns 27,391 shares of the exchange traded fund’s stock worth $1,966,000 after purchasing an additional 17,590 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in iShares MSCI South Korea ETF during the second quarter valued at approximately $76,000. Cullen Capital Management LLC grew its holdings in iShares MSCI South Korea ETF by 94.0% during the 2nd quarter. Cullen Capital Management LLC now owns 196,402 shares of the exchange traded fund’s stock valued at $14,098,000 after buying an additional 95,185 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in iShares MSCI South Korea ETF in the 3rd quarter worth approximately $394,000. Finally, Total Wealth Planning & Management Inc. purchased a new stake in shares of iShares MSCI South Korea ETF during the 2nd quarter worth approximately $481,000. 49.22% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the 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 Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no 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.