iShares MSCI Italy ETF (NYSEARCA:EWI – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 212,767 shares, a decrease of 64.9% from the August 15th total of 605,473 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average trading volume of 165,780 shares, the short-interest ratio is currently 1.3 days.
Hedge Funds Weigh In On iShares MSCI Italy ETF
Large investors have recently modified their holdings of the company. Hilltop Partners LLC increased its stake in iShares MSCI Italy ETF by 2.9% in the 4th quarter. Hilltop Partners LLC now owns 7,029 shares of the exchange traded fund’s stock valued at $382,000 after buying an additional 197 shares during the last quarter. Strategic Advocates LLC grew its holdings in shares of iShares MSCI Italy ETF by 94.9% in the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 336 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of iShares MSCI Italy ETF by 41.4% in the second quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 400 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of iShares MSCI Italy ETF by 2.0% during the second quarter. Contravisory Investment Management Inc. now owns 23,232 shares of the exchange traded fund’s stock valued at $1,376,000 after acquiring an additional 459 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of iShares MSCI Italy ETF during the fourth quarter valued at approximately $27,000. 37.96% of the stock is currently owned by institutional investors.
iShares MSCI Italy ETF Stock Performance
iShares MSCI Italy ETF stock traded up $0.95 during mid-day trading on Friday, reaching $61.96. The stock had a trading volume of 296,673 shares, compared to its average volume of 453,472. iShares MSCI Italy ETF has a fifty-two week low of $50.05 and a fifty-two week high of $63.76. The stock’s 50-day simple moving average is $61.73 and its 200-day simple moving average is $58.68. The firm has a market capitalization of $1.05 billion, a PE ratio of 12.30 and a beta of 0.87.
About iShares MSCI Italy ETF
iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying 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 Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.
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