iShares MSCI Singapore ETF (NYSEARCA:EWS – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 971,689 shares, a decrease of 57.8% from the May 31st total of 2,300,318 shares. Based on an average daily volume of 1,463,452 shares, the days-to-cover ratio is currently 0.7 days. Approximately 3.5% of the company’s shares are sold short.
Institutional Trading of iShares MSCI Singapore ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd lifted its holdings in iShares MSCI Singapore ETF by 978.2% in the fourth quarter. Quadrature Capital Ltd now owns 559,475 shares of the company’s stock valued at $15,391,000 after acquiring an additional 507,586 shares during the last quarter. UBS Group AG increased its stake in iShares MSCI Singapore ETF by 119.8% during the third quarter. UBS Group AG now owns 904,505 shares of the company’s stock worth $25,634,000 after acquiring an additional 492,982 shares during the last quarter. Jane Street Group LLC purchased a new stake in iShares MSCI Singapore ETF in the fourth quarter valued at $8,620,000. Rice Partnership LLC purchased a new stake in iShares MSCI Singapore ETF in the first quarter valued at $6,131,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in iShares MSCI Singapore ETF by 213,957.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 209,776 shares of the company’s stock valued at $5,771,000 after purchasing an additional 209,678 shares during the period. Institutional investors and hedge funds own 52.30% of the company’s stock.
iShares MSCI Singapore ETF Trading Up 0.4%
iShares MSCI Singapore ETF stock traded up $0.11 during midday trading on Wednesday, hitting $29.72. 502,701 shares of the stock were exchanged, compared to its average volume of 918,240. The stock’s 50-day simple moving average is $29.22 and its 200 day simple moving average is $28.54. iShares MSCI Singapore ETF has a fifty-two week low of $25.84 and a fifty-two week high of $30.01. The stock has a market capitalization of $832.16 million, a price-to-earnings ratio of 15.28 and a beta of 0.56.
iShares MSCI Singapore ETF Company Profile
iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).
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