iShares MSCI Austria ETF (NYSEARCA:EWO – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 45,616 shares, a growth of 61.2% from the July 30th total of 28,296 shares. Based on an average daily volume of 101,784 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On iShares MSCI Austria ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new position in iShares MSCI Austria ETF during the first quarter valued at $30,000. Comerica Bank lifted its stake in iShares MSCI Austria ETF by 466.0% in the 1st quarter. Comerica Bank now owns 1,217 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in iShares MSCI Austria ETF by 425.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,071 shares of the company’s stock worth $38,000 after purchasing an additional 867 shares in the last quarter. Harbour Investments Inc. bought a new position in shares of iShares MSCI Austria ETF during the 4th quarter valued at about $46,000. Finally, Royal Bank of Canada boosted its holdings in shares of iShares MSCI Austria ETF by 59.1% during the 1st quarter. Royal Bank of Canada now owns 2,288 shares of the company’s stock valued at $82,000 after purchasing an additional 850 shares during the last quarter.
iShares MSCI Austria ETF Stock Performance
EWO traded down $0.02 during trading on Monday, reaching $44.04. 434,206 shares of the company traded hands, compared to its average volume of 51,798. iShares MSCI Austria ETF has a 12-month low of $30.22 and a 12-month high of $44.60. The firm has a fifty day simple moving average of $42.83 and a 200 day simple moving average of $39.98. The company has a market cap of $184.97 million, a P/E ratio of 11.04 and a beta of 0.80.
About iShares MSCI Austria ETF
iShares MSCI Austria Capped ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Austria IMI 25/50 Index (the Underlying Index). The Underlying Index consists of stocks traded on the Vienna Stock Exchange. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.
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