iShares MSCI Spain ETF (NYSEARCA:EWP) Short Interest Update

iShares MSCI Spain ETF (NYSEARCA:EWP) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 973,125 shares, a growth of 26.0% from the December 31st total of 772,073 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 759,718 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 759,718 shares, the days-to-cover ratio is currently 1.3 days. Currently, 2.9% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Providence First Trust Co purchased a new position in iShares MSCI Spain ETF during the 4th quarter worth approximately $801,000. MMA Asset Management LLC boosted its position in shares of iShares MSCI Spain ETF by 1.2% in the fourth quarter. MMA Asset Management LLC now owns 65,243 shares of the exchange traded fund’s stock worth $3,517,000 after buying an additional 750 shares during the period. Montag A & Associates Inc. grew its holdings in shares of iShares MSCI Spain ETF by 23.6% during the fourth quarter. Montag A & Associates Inc. now owns 69,676 shares of the exchange traded fund’s stock valued at $3,756,000 after buying an additional 13,325 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of iShares MSCI Spain ETF by 21.9% during the fourth quarter. Benjamin Edwards Inc. now owns 35,647 shares of the exchange traded fund’s stock valued at $1,922,000 after buying an additional 6,409 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in iShares MSCI Spain ETF during the fourth quarter valued at $266,000. Institutional investors and hedge funds own 38.17% of the company’s stock.

iShares MSCI Spain ETF Trading Down 1.1%

EWP stock traded down $0.61 during mid-day trading on Tuesday, reaching $56.25. 1,874,758 shares of the stock traded hands, compared to its average volume of 784,688. iShares MSCI Spain ETF has a 52-week low of $32.87 and a 52-week high of $57.17. The stock’s fifty day moving average is $53.91 and its 200-day moving average is $50.40. The company has a market cap of $1.88 billion, a P/E ratio of 10.89 and a beta of 0.86.

iShares MSCI Spain ETF Company Profile

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.