iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Update

iShares MSCI Australia ETF (NYSEARCA:EWA) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 3,006,521 shares, a drop of 32.8% from the March 15th total of 4,472,404 shares. Currently, 6.2% of the shares of the stock are short sold. Based on an average trading volume of 5,710,824 shares, the days-to-cover ratio is presently 0.5 days.

iShares MSCI Australia ETF Stock Performance

EWA traded down $0.36 during midday trading on Thursday, hitting $29.90. The company had a trading volume of 3,763,454 shares, compared to its average volume of 5,662,543. The company has a market capitalization of $1.44 billion, a PE ratio of 19.89 and a beta of 1.01. iShares MSCI Australia ETF has a twelve month low of $23.26 and a twelve month high of $30.30. The firm’s 50-day simple moving average is $28.81 and its 200-day simple moving average is $27.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EWA. Johnson Financial Group Inc. bought a new position in iShares MSCI Australia ETF during the 3rd quarter worth approximately $32,000. Tower Research Capital LLC TRC boosted its stake in iShares MSCI Australia ETF by 10,333.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 1,550 shares during the last quarter. Jones Financial Companies Lllp bought a new position in iShares MSCI Australia ETF during the 1st quarter worth approximately $42,000. Nalls Sherbakoff Group LLC bought a new position in iShares MSCI Australia ETF during the 4th quarter worth approximately $47,000. Finally, Laurel Wealth Advisors LLC bought a new position in iShares MSCI Australia ETF during the 4th quarter worth approximately $72,000. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.