iShares MSCI Singapore ETF (NYSEARCA:EWS – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,022,938 shares, an increase of 213.7% from the July 15th total of 326,081 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,046,391 shares, the days-to-cover ratio is currently 1.0 days.
iShares MSCI Singapore ETF Price Performance
iShares MSCI Singapore ETF stock traded down $0.20 during midday trading on Thursday, hitting $33.44. 426,066 shares of the company were exchanged, compared to its average volume of 962,860. The company has a market cap of $1.09 billion, a PE ratio of 15.28 and a beta of 0.55. iShares MSCI Singapore ETF has a fifty-two week low of $26.69 and a fifty-two week high of $34.03. The company’s fifty day moving average price is $30.88 and its 200-day moving average price is $29.42.
Institutional Investors Weigh In On iShares MSCI Singapore ETF
A number of large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in iShares MSCI Singapore ETF by 2.8% during the 2nd quarter. Advisory Services Network LLC now owns 14,656 shares of the company’s stock worth $388,000 after acquiring an additional 394 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares MSCI Singapore ETF in the fourth quarter worth $28,000. Fifth Third Bancorp bought a new stake in shares of iShares MSCI Singapore ETF in the first quarter worth $29,000. Purpose Unlimited Inc. bought a new stake in iShares MSCI Singapore ETF during the 4th quarter worth about $35,000. Finally, PNC Financial Services Group Inc. lifted its position in iShares MSCI Singapore ETF by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,609 shares of the company’s stock worth $525,000 after buying an additional 1,369 shares in the last quarter. 52.30% of the stock is owned by institutional investors and hedge funds.
About iShares MSCI Singapore ETF
iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).
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