Short Interest in iShares MSCI South Korea ETF (NYSEARCA:EWY) Declines By 21.4%

iShares MSCI South Korea ETF (NYSEARCA:EWY) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 13,328,243 shares, a decline of 21.4% from the March 15th total of 16,963,985 shares. Based on an average daily volume of 25,320,440 shares, the short-interest ratio is presently 0.5 days. Currently, 10.2% of the shares of the company are sold short.

iShares MSCI South Korea ETF Trading Up 1.5%

Shares of NYSEARCA EWY traded up $2.17 during midday trading on Thursday, hitting $147.09. The company’s stock had a trading volume of 7,227,910 shares, compared to its average volume of 19,790,070. The stock has a fifty day moving average price of $132.36 and a 200 day moving average price of $109.43. iShares MSCI South Korea ETF has a one year low of $54.03 and a one year high of $154.22. The firm has a market capitalization of $19.14 billion, a price-to-earnings ratio of 10.35 and a beta of 1.23.

Institutional Trading of iShares MSCI South Korea ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley increased its holdings in iShares MSCI South Korea ETF by 31.5% during the 4th quarter. Morgan Stanley now owns 3,405,205 shares of the exchange traded fund’s stock worth $331,054,000 after acquiring an additional 814,877 shares during the period. Bridgewater Associates LP increased its holdings in iShares MSCI South Korea ETF by 1.8% during the 4th quarter. Bridgewater Associates LP now owns 2,072,358 shares of the exchange traded fund’s stock worth $201,475,000 after acquiring an additional 37,242 shares during the period. Hsbc Holdings PLC increased its holdings in iShares MSCI South Korea ETF by 1,764.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after acquiring an additional 1,795,557 shares during the period. Temasek Holdings Private Ltd increased its holdings in iShares MSCI South Korea ETF by 116.6% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,594,998 shares of the exchange traded fund’s stock worth $155,066,000 after acquiring an additional 858,598 shares during the period. Finally, TD Asset Management Inc increased its holdings in iShares MSCI South Korea ETF by 85.5% during the 3rd quarter. TD Asset Management Inc now owns 1,536,532 shares of the exchange traded fund’s stock worth $123,076,000 after acquiring an additional 708,000 shares during the period. Institutional investors own 49.22% of the company’s stock.

About iShares MSCI South Korea ETF

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.