iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Short Interest Update

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 4,058,429 shares, a drop of 25.0% from the March 15th total of 5,411,032 shares. Based on an average daily volume of 2,668,156 shares, the days-to-cover ratio is presently 1.5 days. Currently, 5.5% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in iShares MSCI United Kingdom ETF by 11.9% in the third quarter. Bank of America Corp DE now owns 4,100,915 shares of the company’s stock worth $172,115,000 after purchasing an additional 437,277 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares MSCI United Kingdom ETF by 2.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,977,789 shares of the company’s stock worth $130,963,000 after purchasing an additional 78,566 shares during the period. Morgan Stanley raised its stake in shares of iShares MSCI United Kingdom ETF by 11.2% during the 4th quarter. Morgan Stanley now owns 2,523,562 shares of the company’s stock worth $110,986,000 after purchasing an additional 253,162 shares during the period. Royal Bank of Canada boosted its holdings in shares of iShares MSCI United Kingdom ETF by 476.5% in the 4th quarter. Royal Bank of Canada now owns 2,167,565 shares of the company’s stock worth $95,330,000 after buying an additional 1,791,609 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in iShares MSCI United Kingdom ETF by 134.0% during the third quarter. JPMorgan Chase & Co. now owns 1,326,876 shares of the company’s stock valued at $55,689,000 after buying an additional 759,844 shares during the period. Institutional investors and hedge funds own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Stock Up 0.9%

EWU traded up $0.41 during trading on Friday, hitting $48.25. 1,388,565 shares of the company’s stock were exchanged, compared to its average volume of 2,299,439. The business’s 50 day moving average is $46.68 and its two-hundred day moving average is $44.67. iShares MSCI United Kingdom ETF has a fifty-two week low of $36.57 and a fifty-two week high of $48.92. The stock has a market cap of $3.56 billion, a P/E ratio of 15.42 and a beta of 0.63.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.