iShares MSCI Switzerland ETF (NYSEARCA:EWL) Short Interest Up 275.9% in May

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,614,927 shares, an increase of 275.9% from the May 14th total of 695,569 shares. Currently, 10.2% of the shares of the stock are sold short. Based on an average daily volume of 531,326 shares, the short-interest ratio is presently 4.9 days.

iShares MSCI Switzerland ETF Trading Up 3.0%

EWL traded up $1.83 during midday trading on Thursday, hitting $62.91. 533,177 shares of the company traded hands, compared to its average volume of 685,822. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 21.82 and a beta of 0.77. iShares MSCI Switzerland ETF has a 52-week low of $51.83 and a 52-week high of $65.53. The business has a 50 day simple moving average of $61.40 and a two-hundred day simple moving average of $60.77.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Several hedge funds and other institutional investors have recently modified their holdings of EWL. Royal Bank of Canada lifted its stake in shares of iShares MSCI Switzerland ETF by 26.8% in the first quarter. Royal Bank of Canada now owns 185,839 shares of the exchange traded fund’s stock worth $9,624,000 after buying an additional 39,296 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares MSCI Switzerland ETF by 3.2% in the second quarter. Cetera Investment Advisers now owns 13,241 shares of the exchange traded fund’s stock worth $726,000 after buying an additional 407 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of iShares MSCI Switzerland ETF in the second quarter worth about $1,094,000. Quantinno Capital Management LP lifted its stake in shares of iShares MSCI Switzerland ETF by 6.8% in the second quarter. Quantinno Capital Management LP now owns 19,738 shares of the exchange traded fund’s stock worth $1,082,000 after buying an additional 1,255 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of iShares MSCI Switzerland ETF by 4.1% in the second quarter. Raymond James Financial Inc. now owns 11,197 shares of the exchange traded fund’s stock worth $614,000 after buying an additional 439 shares in the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.