iShares MSCI Spain ETF (NYSEARCA:EWP – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,227,769 shares, an increase of 593.5% from the May 14th total of 321,247 shares. Based on an average daily volume of 274,008 shares, the days-to-cover ratio is presently 8.1 days. Currently, 6.7% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in iShares MSCI Spain ETF by 25.6% during the first quarter. EverSource Wealth Advisors LLC now owns 16,285 shares of the exchange traded fund’s stock worth $884,000 after buying an additional 3,320 shares during the period. Empowered Funds LLC purchased a new position in iShares MSCI Spain ETF during the first quarter worth $534,000. Boreal Capital Management LLC boosted its stake in shares of iShares MSCI Spain ETF by 21.6% during the first quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock valued at $171,000 after purchasing an additional 560 shares during the period. CacheTech Inc. boosted its stake in shares of iShares MSCI Spain ETF by 0.5% during the first quarter. CacheTech Inc. now owns 152,935 shares of the exchange traded fund’s stock valued at $8,306,000 after purchasing an additional 723 shares during the period. Finally, Dorsey Wright & Associates purchased a new stake in shares of iShares MSCI Spain ETF during the first quarter valued at $743,000. 38.17% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Spain ETF Trading Up 0.4%
Shares of EWP stock traded up $0.22 on Friday, reaching $58.55. The company’s stock had a trading volume of 60,637 shares, compared to its average volume of 577,115. The stock’s fifty day simple moving average is $56.79 and its 200-day simple moving average is $55.18. iShares MSCI Spain ETF has a 1 year low of $42.36 and a 1 year high of $58.99. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67.
iShares MSCI Spain ETF Company Profile
iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index 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 Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.
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