Short Interest in iShares MSCI Canada ETF (NYSEARCA:EWC) Grows By 137.9%

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 8,166,971 shares, a growth of 137.9% from the May 14th total of 3,432,706 shares. Based on an average trading volume of 2,218,038 shares, the days-to-cover ratio is presently 3.7 days. Approximately 9.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Several institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in iShares MSCI Canada ETF by 1,675.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,178,045 shares of the exchange traded fund’s stock valued at $171,392,000 after purchasing an additional 2,999,053 shares during the period. Balyasny Asset Management L.P. bought a new stake in iShares MSCI Canada ETF in the 2nd quarter valued at $51,589,000. Graham Capital Management L.P. boosted its stake in iShares MSCI Canada ETF by 525.5% in the 4th quarter. Graham Capital Management L.P. now owns 806,849 shares of the exchange traded fund’s stock valued at $43,513,000 after purchasing an additional 677,849 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in iShares MSCI Canada ETF by 871.0% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 663,041 shares of the exchange traded fund’s stock valued at $33,482,000 after purchasing an additional 594,755 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in iShares MSCI Canada ETF in the 1st quarter valued at $30,134,000.

iShares MSCI Canada ETF Price Performance

Shares of NYSEARCA:EWC traded up $0.27 during midday trading on Friday, reaching $58.76. The company’s stock had a trading volume of 2,184,318 shares, compared to its average volume of 2,622,088. iShares MSCI Canada ETF has a fifty-two week low of $44.95 and a fifty-two week high of $59.52. The company has a market capitalization of $5.25 billion, a P/E ratio of 19.77 and a beta of 0.85. The business’s fifty day simple moving average is $57.86 and its 200-day simple moving average is $55.94.

About iShares MSCI Canada ETF

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.