Short Interest in iShares MSCI Australia ETF (NYSEARCA:EWA) Declines By 45.4%

iShares MSCI Australia ETF (NYSEARCA:EWA) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 2,827,328 shares, a decrease of 45.4% from the January 29th total of 5,181,553 shares. Currently, 6.1% of the company’s stock are short sold. Based on an average trading volume of 6,826,238 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 6,826,238 shares, the days-to-cover ratio is currently 0.4 days. Currently, 6.1% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI Australia ETF

Hedge funds have recently added to or reduced their stakes in the company. Independent Wealth Network Inc. raised its position in shares of iShares MSCI Australia ETF by 1.6% during the third quarter. Independent Wealth Network Inc. now owns 28,904 shares of the exchange traded fund’s stock worth $780,000 after purchasing an additional 462 shares during the period. Gould Asset Management LLC CA increased its stake in iShares MSCI Australia ETF by 4.5% during the 3rd quarter. Gould Asset Management LLC CA now owns 11,030 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 470 shares in the last quarter. Acima Private Wealth LLC raised its holdings in iShares MSCI Australia ETF by 1.1% during the third quarter. Acima Private Wealth LLC now owns 48,773 shares of the exchange traded fund’s stock worth $1,317,000 after buying an additional 528 shares during the last quarter. Family Firm Inc. lifted its stake in shares of iShares MSCI Australia ETF by 4.9% in the second quarter. Family Firm Inc. now owns 13,043 shares of the exchange traded fund’s stock valued at $343,000 after buying an additional 613 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of iShares MSCI Australia ETF by 7.9% during the third quarter. Global Retirement Partners LLC now owns 8,334 shares of the exchange traded fund’s stock valued at $225,000 after buying an additional 613 shares during the last quarter. Institutional investors and hedge funds own 59.69% of the company’s stock.

iShares MSCI Australia ETF Stock Down 0.2%

EWA traded down $0.05 during midday trading on Friday, hitting $30.09. The company had a trading volume of 6,244,486 shares, compared to its average volume of 5,796,146. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04. The stock’s 50 day moving average price is $27.71 and its 200 day moving average price is $27.01. iShares MSCI Australia ETF has a 52 week low of $20.50 and a 52 week high of $30.24.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.