iShares MSCI Spain ETF (NYSEARCA:EWP – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 297,817 shares, a drop of 86.6% from the May 31st total of 2,227,769 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 328,342 shares, the days-to-cover ratio is currently 0.9 days.
iShares MSCI Spain ETF Stock Down 0.1%
EWP stock traded down $0.06 during mid-day trading on Friday, reaching $58.74. 38,101 shares of the stock traded hands, compared to its average volume of 548,583. The firm has a market capitalization of $1.95 billion, a PE ratio of 10.89 and a beta of 0.67. The business has a 50-day moving average of $57.29 and a two-hundred day moving average of $55.69. iShares MSCI Spain ETF has a 52 week low of $43.45 and a 52 week high of $59.88.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Hsbc Holdings PLC boosted its position in shares of iShares MSCI Spain ETF by 1.7% in the fourth quarter. Hsbc Holdings PLC now owns 4,837,546 shares of the exchange traded fund’s stock valued at $260,792,000 after acquiring an additional 82,833 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in iShares MSCI Spain ETF during the 4th quarter valued at $101,057,000. Bank of Montreal Can acquired a new position in iShares MSCI Spain ETF during the 4th quarter valued at $43,669,000. Schroder Investment Management Group boosted its holdings in iShares MSCI Spain ETF by 3,000.0% in the 4th quarter. Schroder Investment Management Group now owns 527,000 shares of the exchange traded fund’s stock valued at $28,516,000 after purchasing an additional 510,000 shares during the period. Finally, Bank of Nova Scotia bought a new stake in iShares MSCI Spain ETF in the 4th quarter valued at $25,370,000. 38.17% of the stock is currently owned by institutional investors and hedge funds.
About iShares MSCI Spain ETF
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.
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