Short Interest in iShares MSCI Singapore ETF (NYSEARCA:EWS) Expands By 23.5%

iShares MSCI Singapore ETF (NYSEARCA:EWS) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 293,114 shares, a growth of 23.5% from the December 15th total of 237,418 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 767,557 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 767,557 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in iShares MSCI Singapore ETF by 147.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 851,840 shares of the company’s stock worth $22,131,000 after purchasing an additional 506,960 shares in the last quarter. UBS Group AG increased its holdings in shares of iShares MSCI Singapore ETF by 119.8% in the third quarter. UBS Group AG now owns 904,505 shares of the company’s stock worth $25,634,000 after purchasing an additional 492,982 shares during the last quarter. Sun Life Financial Inc. lifted its position in shares of iShares MSCI Singapore ETF by 20.9% in the third quarter. Sun Life Financial Inc. now owns 1,462,159 shares of the company’s stock worth $41,438,000 after buying an additional 252,559 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of iShares MSCI Singapore ETF by 97.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 438,730 shares of the company’s stock worth $12,438,000 after buying an additional 216,130 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in iShares MSCI Singapore ETF by 267.0% during the second quarter. Bank of America Corp DE now owns 267,380 shares of the company’s stock valued at $6,947,000 after buying an additional 194,517 shares during the last quarter. 52.30% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Singapore ETF Price Performance

EWS stock opened at $27.89 on Wednesday. iShares MSCI Singapore ETF has a 1-year low of $20.08 and a 1-year high of $29.65. The business has a 50 day simple moving average of $27.89 and a two-hundred day simple moving average of $27.94. The company has a market capitalization of $754.42 million, a price-to-earnings ratio of 15.28 and a beta of 0.69.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).