iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Large Drop in Short Interest

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 772,073 shares, a decrease of 34.0% from the December 15th total of 1,169,416 shares. Based on an average daily volume of 614,042 shares, the short-interest ratio is presently 1.3 days. Currently, 2.3% of the shares of the stock are short sold. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 614,042 shares, the short-interest ratio is presently 1.3 days.

iShares MSCI Spain ETF Stock Up 0.7%

Shares of EWP stock traded up $0.38 during mid-day trading on Friday, reaching $54.65. 710,985 shares of the stock traded hands, compared to its average volume of 755,244. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. The stock’s fifty day simple moving average is $52.87 and its two-hundred day simple moving average is $49.49. iShares MSCI Spain ETF has a 1-year low of $31.76 and a 1-year high of $55.25.

Institutional Trading of iShares MSCI Spain ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in iShares MSCI Spain ETF by 14.0% during the 1st quarter. Royal Bank of Canada now owns 14,860 shares of the exchange traded fund’s stock worth $565,000 after purchasing an additional 1,830 shares during the last quarter. EWG Elevate Inc. acquired a new stake in shares of iShares MSCI Spain ETF during the second quarter worth $6,997,000. Perigon Wealth Management LLC bought a new position in iShares MSCI Spain ETF during the second quarter worth $833,000. Signaturefd LLC acquired a new position in iShares MSCI Spain ETF in the second quarter valued at $173,000. Finally, Belpointe Asset Management LLC acquired a new position in iShares MSCI Spain ETF in the second quarter valued at $206,000. Institutional investors and hedge funds own 38.17% of the company’s stock.

About iShares MSCI Spain ETF

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index Fund, is an exchange-traded fund. 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 Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.