Short Interest in iShares MSCI Malaysia ETF (NYSEARCA:EWM) Expands By 47.0%

iShares MSCI Malaysia ETF (NYSEARCA:EWM) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 346,118 shares, a growth of 47.0% from the March 15th total of 235,510 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 537,366 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. bought a new position in shares of iShares MSCI Malaysia ETF during the 4th quarter valued at $263,000. First Growth Capital LLC bought a new position in iShares MSCI Malaysia ETF in the 4th quarter worth $356,000. CacheTech Inc. bought a new position in iShares MSCI Malaysia ETF in the 4th quarter worth $1,149,000. Quadrature Capital Ltd bought a new position in iShares MSCI Malaysia ETF in the 4th quarter worth $290,000. Finally, OLD Mission Capital LLC bought a new position in iShares MSCI Malaysia ETF in the 4th quarter worth $1,917,000. 86.75% of the stock is owned by institutional investors.

iShares MSCI Malaysia ETF Stock Performance

Shares of NYSEARCA EWM traded up $0.21 during midday trading on Thursday, hitting $28.82. 96,096 shares of the stock traded hands, compared to its average volume of 464,189. The firm has a 50-day moving average of $29.03 and a two-hundred day moving average of $27.67. The firm has a market capitalization of $367.46 million, a P/E ratio of 14.29 and a beta of 0.49. iShares MSCI Malaysia ETF has a one year low of $22.68 and a one year high of $30.14.

iShares MSCI Malaysia ETF Company Profile

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