iShares MSCI Belgium ETF (NYSEARCA:EWK) Sees Significant Growth in Short Interest

iShares MSCI Belgium ETF (NYSEARCA:EWK) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,432,337 shares, a growth of 2,597.6% from the May 14th total of 53,096 shares. Based on an average daily trading volume, of 63,600 shares, the short-interest ratio is presently 22.5 days. Currently, 32.6% of the company’s stock are sold short.

iShares MSCI Belgium ETF Stock Down 0.4%

NYSEARCA:EWK opened at $26.88 on Thursday. iShares MSCI Belgium ETF has a 52 week low of $21.50 and a 52 week high of $27.63. The firm has a 50 day moving average of $26.15 and a 200 day moving average of $25.47. The stock has a market capitalization of $118.27 million, a price-to-earnings ratio of 18.50 and a beta of 0.68.

Institutional Trading of iShares MSCI Belgium ETF

Institutional investors have recently bought and sold shares of the stock. OLD Mission Capital LLC increased its holdings in shares of iShares MSCI Belgium ETF by 2,710.8% during the 4th quarter. OLD Mission Capital LLC now owns 253,534 shares of the company’s stock valued at $6,161,000 after purchasing an additional 244,514 shares in the last quarter. Moran Wealth Management LLC boosted its position in shares of iShares MSCI Belgium ETF by 388.1% during the 4th quarter. Moran Wealth Management LLC now owns 289,506 shares of the company’s stock valued at $7,036,000 after acquiring an additional 230,193 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in shares of iShares MSCI Belgium ETF during the 4th quarter valued at about $2,529,000. Geneos Wealth Management Inc. acquired a new position in shares of iShares MSCI Belgium ETF during the 2nd quarter valued at about $1,502,000. Finally, Cetera Investment Advisers acquired a new position in shares of iShares MSCI Belgium ETF during the 1st quarter valued at about $1,653,000.

iShares MSCI Belgium ETF Company Profile

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market Index Fund (the 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.