iShares MSCI Spain ETF (NYSEARCA:EWP – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 575,298 shares, a growth of 172.2% from the June 30th total of 211,313 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 539,861 shares, the short-interest ratio is presently 1.1 days.
iShares MSCI Spain ETF Stock Down 1.4%
Shares of EWP stock traded down $0.85 on Wednesday, hitting $59.62. The company had a trading volume of 18,264 shares, compared to its average volume of 525,770. The firm has a market cap of $2.03 billion, a P/E ratio of 10.89 and a beta of 0.67. The company has a 50-day moving average price of $58.58 and a 200-day moving average price of $56.63. iShares MSCI Spain ETF has a twelve month low of $44.19 and a twelve month high of $60.87.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EWP. Whitcomb & Hess Inc. boosted its position in iShares MSCI Spain ETF by 2.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 221,169 shares of the exchange traded fund’s stock worth $13,135,000 after purchasing an additional 4,408 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of iShares MSCI Spain ETF during the 1st quarter valued at approximately $534,000. EverSource Wealth Advisors LLC increased its holdings in shares of iShares MSCI Spain ETF by 25.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 16,285 shares of the exchange traded fund’s stock valued at $884,000 after purchasing an additional 3,320 shares in the last quarter. Boreal Capital Management LLC lifted its stake in shares of iShares MSCI Spain ETF by 21.6% in the 1st 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. Finally, CacheTech Inc. lifted its stake in shares of iShares MSCI Spain ETF by 0.5% in the 1st 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. 38.17% of the stock is currently owned by hedge funds and other institutional investors.
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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