iShares MSCI Switzerland ETF (NYSEARCA:EWL – Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 243,108 shares, a decrease of 66.2% from the July 15th total of 719,882 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 420,713 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On iShares MSCI Switzerland ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of iShares MSCI Switzerland ETF by 26.8% during the 1st quarter. Royal Bank of Canada now owns 185,839 shares of the exchange traded fund’s stock worth $9,624,000 after purchasing an additional 39,296 shares during the period. Cetera Investment Advisers lifted its stake in iShares MSCI Switzerland ETF by 3.2% during the second quarter. Cetera Investment Advisers now owns 13,241 shares of the exchange traded fund’s stock worth $726,000 after purchasing an additional 407 shares in the last quarter. NewEdge Advisors LLC acquired a new position in iShares MSCI Switzerland ETF during the second quarter worth $1,094,000. Quantinno Capital Management LP boosted its position in shares of iShares MSCI Switzerland ETF by 6.8% during the second quarter. Quantinno Capital Management LP now owns 19,738 shares of the exchange traded fund’s stock worth $1,082,000 after buying an additional 1,255 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of iShares MSCI Switzerland ETF by 4.1% during the second quarter. Raymond James Financial Inc. now owns 11,197 shares of the exchange traded fund’s stock worth $614,000 after buying an additional 439 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Switzerland ETF Trading Down 0.7%
EWL traded down $0.43 on Friday, hitting $63.27. The company had a trading volume of 167,454 shares, compared to its average volume of 627,523. The firm has a market cap of $2.19 billion, a P/E ratio of 21.82 and a beta of 0.77. iShares MSCI Switzerland ETF has a 1 year low of $53.70 and a 1 year high of $65.53. The company’s fifty day moving average price is $62.78 and its 200 day moving average price is $61.88.
iShares MSCI Switzerland ETF Company Profile
iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index 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 Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single 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.
Featured Stories
- Five stocks we like better than iShares MSCI Switzerland ETF
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Receive News & Ratings for iShares MSCI Switzerland ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Switzerland ETF and related companies with MarketBeat.com's FREE daily email newsletter.
