iShares MSCI Switzerland ETF (NYSEARCA:EWL) Short Interest Down 61.5% in January

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 208,513 shares, a drop of 61.5% from the December 31st total of 541,066 shares. Based on an average trading volume of 511,544 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 511,544 shares, the short-interest ratio is currently 0.4 days.

iShares MSCI Switzerland ETF Stock Performance

EWL traded down $0.68 on Friday, reaching $61.54. The company had a trading volume of 534,120 shares, compared to its average volume of 527,106. iShares MSCI Switzerland ETF has a 52-week low of $46.22 and a 52-week high of $62.76. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81. The business has a 50 day simple moving average of $59.63 and a 200 day simple moving average of $56.93.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in shares of iShares MSCI Switzerland ETF by 9,771.2% in the 2nd quarter. Fisher Asset Management LLC now owns 1,278,219 shares of the exchange traded fund’s stock worth $70,059,000 after purchasing an additional 1,265,270 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in iShares MSCI Switzerland ETF by 6.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,208,694 shares of the exchange traded fund’s stock worth $66,768,000 after purchasing an additional 69,999 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI Switzerland ETF by 142.2% in the third quarter. JPMorgan Chase & Co. now owns 725,576 shares of the exchange traded fund’s stock worth $40,081,000 after acquiring an additional 425,970 shares during the period. Vontobel Holding Ltd. grew its stake in shares of iShares MSCI Switzerland ETF by 8.3% during the 2nd quarter. Vontobel Holding Ltd. now owns 705,831 shares of the exchange traded fund’s stock valued at $38,687,000 after purchasing an additional 54,364 shares during the period. Finally, Millburn Ridgefield LLC DE grew its position in iShares MSCI Switzerland ETF by 5.5% during the second quarter. Millburn Ridgefield LLC DE now owns 471,240 shares of the exchange traded fund’s stock valued at $25,829,000 after buying an additional 24,423 shares during the period. Institutional investors own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index 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 Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.