iShares MSCI South Korea ETF (NYSEARCA:EWY – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 21,064,734 shares, a decline of 43.0% from the July 15th total of 36,969,319 shares. Currently, 14.5% of the shares of the company are short sold. Based on an average trading volume of 28,449,100 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of iShares MSCI South Korea ETF
A number of institutional investors and hedge funds have recently made changes to their positions in EWY. Harbor Investment Advisory LLC bought a new position in iShares MSCI South Korea ETF during the second quarter valued at about $35,000. Allied Private Wealth LLC acquired a new stake in iShares MSCI South Korea ETF in the 2nd quarter valued at about $38,000. Prestige Wealth Management Group LLC acquired a new stake in iShares MSCI South Korea ETF in the 1st quarter valued at about $25,000. Viewpoint Capital Management LLC boosted its position in shares of iShares MSCI South Korea ETF by 20,000.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 201 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Finally, Archer Investment Corp bought a new position in shares of iShares MSCI South Korea ETF during the 1st quarter valued at about $25,000. 49.22% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI South Korea ETF Stock Up 4.6%
Shares of EWY stock opened at $177.80 on Wednesday. The stock’s 50-day moving average price is $180.50 and its 200 day moving average price is $161.10. The stock has a market capitalization of $25.82 billion, a PE ratio of 10.35 and a beta of 1.49. iShares MSCI South Korea ETF has a 52-week low of $70.93 and a 52-week high of $220.89.
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.
Further Reading
- Five stocks we like better than iShares MSCI South Korea ETF
- Pony AI Stock Gains Traction as Robotaxi Fleet Expands Globally
- Amazon Plugs $18B Into the Southern Power Grid
- Speed Sells: Cerebras Cracks the Silicon Ceiling
- Amid Legal Risks, This Company Is Still Rated a Buy
Receive News & Ratings for iShares MSCI South Korea ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI South Korea ETF and related companies with MarketBeat.com's FREE daily email newsletter.
