iShares MSCI France ETF (NYSEARCA:EWQ – Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 679,705 shares, a drop of 36.8% from the April 15th total of 1,074,834 shares. Approximately 7.1% of the shares of the stock are sold short. Based on an average trading volume of 288,688 shares, the short-interest ratio is currently 2.4 days.
iShares MSCI France ETF Price Performance
Shares of iShares MSCI France ETF stock traded up $0.67 on Monday, hitting $44.83. The company had a trading volume of 353,812 shares, compared to its average volume of 464,135. The business has a 50-day simple moving average of $44.50 and a 200-day simple moving average of $45.01. The company has a market cap of $430.37 million, a PE ratio of 17.82 and a beta of 0.85. iShares MSCI France ETF has a 52 week low of $40.91 and a 52 week high of $48.39.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in EWQ. Comerica Bank boosted its holdings in shares of iShares MSCI France ETF by 54.9% in the first quarter. Comerica Bank now owns 1,182 shares of the exchange traded fund’s stock valued at $47,000 after acquiring an additional 419 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI France ETF by 94.4% in the second quarter. JPMorgan Chase & Co. now owns 9,587 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 4,656 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares MSCI France ETF in the second quarter valued at approximately $30,000. Ameriprise Financial Inc. boosted its holdings in shares of iShares MSCI France ETF by 21.0% in the second quarter. Ameriprise Financial Inc. now owns 903,597 shares of the exchange traded fund’s stock valued at $38,678,000 after acquiring an additional 156,555 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of iShares MSCI France ETF by 8.8% in the second quarter. MML Investors Services LLC now owns 43,327 shares of the exchange traded fund’s stock valued at $1,854,000 after acquiring an additional 3,494 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.
About iShares MSCI France ETF
iShares MSCI France ETF, formerly iShares MSCI France Index 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 French market, as measured by the MSCI France Index (the Index). The Index seeks to measure the performance of the French equity market. The Index consists of stocks traded primarily on the Paris Stock Exchange. The Fund invests in sectors, such as industrials, financials, energy, consumer discretionary, consumer staples, healthcare, materials, telecommunication services, utilities and information technology.
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