iShares MSCI Switzerland ETF (NYSEARCA:EWL) Stock Short Interest Declines 37.3%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 480,834 shares, a drop of 37.3% from the September 15th total of 767,083 shares. Based on an average daily volume of 484,517 shares, the short-interest ratio is currently 1.0 days. Currently, 1.1% of the shares of the stock are sold short.

iShares MSCI Switzerland ETF Stock Up 2.5%

NYSEARCA:EWL opened at $62.00 on Friday. The firm has a market cap of $2.88 billion, a PE ratio of 21.82 and a beta of 0.75. iShares MSCI Switzerland ETF has a 12 month low of $54.81 and a 12 month high of $65.53. The company’s 50-day moving average price is $61.68 and its two-hundred day moving average price is $61.83.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Several institutional investors have recently bought and sold shares of EWL. BFI Infinity Ltd. acquired a new position in iShares MSCI Switzerland ETF in the third quarter worth $1,634,000. JGP Wealth Management LLC raised its holdings in shares of iShares MSCI Switzerland ETF by 8.8% in the third quarter. JGP Wealth Management LLC now owns 4,041 shares of the exchange traded fund’s stock valued at $239,000 after buying an additional 328 shares during the last quarter. Farther Finance Advisors LLC lifted its position in iShares MSCI Switzerland ETF by 42.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,438 shares of the exchange traded fund’s stock worth $144,000 after buying an additional 731 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in iShares MSCI Switzerland ETF during the 3rd quarter worth about $67,000. Finally, Boltwood Capital Management bought a new stake in iShares MSCI Switzerland ETF during the 3rd quarter worth about $544,000. Institutional investors own 68.30% of the company’s stock.

About iShares MSCI Switzerland ETF

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.