Short Interest in iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Declines By 25.0%

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 4,058,429 shares, a decline of 25.0% from the March 15th total of 5,411,032 shares. Based on an average daily trading volume, of 2,668,156 shares, the days-to-cover ratio is currently 1.5 days. Approximately 5.5% of the company’s stock are short sold.

iShares MSCI United Kingdom ETF Price Performance

NYSEARCA:EWU traded up $0.03 on Thursday, hitting $47.83. 945,427 shares of the company’s stock were exchanged, compared to its average volume of 2,306,241. The company has a market cap of $3.53 billion, a P/E ratio of 15.42 and a beta of 0.63. The firm has a 50-day moving average price of $46.61 and a 200-day moving average price of $44.60. iShares MSCI United Kingdom ETF has a 52 week low of $36.57 and a 52 week high of $48.92.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of iShares MSCI United Kingdom ETF by 11.9% in the 3rd quarter. Bank of America Corp DE now owns 4,100,915 shares of the company’s stock valued at $172,115,000 after purchasing an additional 437,277 shares during the period. Wells Fargo & Company MN raised its holdings in shares of iShares MSCI United Kingdom ETF by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,977,789 shares of the company’s stock valued at $130,963,000 after purchasing an additional 78,566 shares during the period. Morgan Stanley raised its holdings in shares of iShares MSCI United Kingdom ETF by 11.2% in the 4th quarter. Morgan Stanley now owns 2,523,562 shares of the company’s stock valued at $110,986,000 after purchasing an additional 253,162 shares during the period. Royal Bank of Canada raised its holdings in shares of iShares MSCI United Kingdom ETF by 476.5% in the 4th quarter. Royal Bank of Canada now owns 2,167,565 shares of the company’s stock valued at $95,330,000 after purchasing an additional 1,791,609 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI United Kingdom ETF by 134.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,326,876 shares of the company’s stock valued at $55,689,000 after purchasing an additional 759,844 shares during the period. 58.38% of the stock is owned by institutional investors.

About iShares MSCI United Kingdom ETF

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.