iShares MSCI Spain ETF (NYSEARCA:EWP – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,054,098 shares, an increase of 106.6% from the July 30th total of 510,261 shares. Based on an average daily volume of 366,909 shares, the short-interest ratio is presently 2.9 days. Currently, 3.0% of the shares of the company are sold short.
iShares MSCI Spain ETF Price Performance
Shares of NYSEARCA EWP opened at $62.35 on Friday. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67. The firm’s 50 day simple moving average is $60.72 and its 200-day simple moving average is $57.73. iShares MSCI Spain ETF has a 12 month low of $46.56 and a 12 month high of $63.44.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of EWP. Montag A & Associates Inc. raised its stake in shares of iShares MSCI Spain ETF by 23.6% during the 4th quarter. Montag A & Associates Inc. now owns 69,676 shares of the exchange traded fund’s stock worth $3,756,000 after buying an additional 13,325 shares during the period. Catalyst Capital Advisors LLC grew its stake in iShares MSCI Spain ETF by 4.3% in the 1st quarter. Catalyst Capital Advisors LLC now owns 213,236 shares of the exchange traded fund’s stock valued at $11,581,000 after acquiring an additional 8,798 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in iShares MSCI Spain ETF in the 1st quarter worth $511,000. Prudential PLC purchased a new stake in iShares MSCI Spain ETF in the 4th quarter worth $16,664,000. Finally, Vertex Investment Solutions Co. Ltd. acquired a new position in iShares MSCI Spain ETF during the fourth quarter worth $1,119,000. Institutional investors and hedge funds own 38.17% of the company’s stock.
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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