iShares MSCI Hong Kong ETF (NYSEARCA:EWH – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 6,120,340 shares, a growth of 403.0% from the September 15th total of 1,216,808 shares. Approximately 11.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,844,738 shares, the days-to-cover ratio is presently 2.2 days.
iShares MSCI Hong Kong ETF Price Performance
iShares MSCI Hong Kong ETF stock traded down $0.10 during mid-day trading on Monday, reaching $21.95. 1,221,284 shares of the company were exchanged, compared to its average volume of 3,883,586. The firm has a market cap of $1.17 billion, a PE ratio of 14.69 and a beta of 0.37. The company has a fifty day simple moving average of $22.57 and a 200-day simple moving average of $22.65. iShares MSCI Hong Kong ETF has a 12 month low of $20.78 and a 12 month high of $24.66.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of EWH. Envestnet Asset Management Inc. boosted its position in shares of iShares MSCI Hong Kong ETF by 604.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 84,571 shares of the exchange traded fund’s stock worth $1,769,000 after acquiring an additional 72,565 shares in the last quarter. Squarepoint Ops LLC acquired a new position in iShares MSCI Hong Kong ETF during the second quarter valued at approximately $2,642,000. Vertex Investment Solutions Co. Ltd. raised its position in iShares MSCI Hong Kong ETF by 307.4% during the second quarter. Vertex Investment Solutions Co. Ltd. now owns 77,400 shares of the exchange traded fund’s stock valued at $1,627,000 after purchasing an additional 58,400 shares in the last quarter. Contravisory Investment Management Inc. raised its position in iShares MSCI Hong Kong ETF by 2.7% during the second quarter. Contravisory Investment Management Inc. now owns 27,049 shares of the exchange traded fund’s stock valued at $566,000 after purchasing an additional 705 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in iShares MSCI Hong Kong ETF by 38.9% during the first quarter. Royal Bank of Canada now owns 357,742 shares of the exchange traded fund’s stock worth $8,259,000 after purchasing an additional 100,243 shares during the last quarter. Institutional investors own 50.59% of the company’s stock.
About iShares MSCI Hong Kong ETF
iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the 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 Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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