iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Sees Significant Decrease in Short Interest

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 4,747,915 shares, a decrease of 49.7% from the May 31st total of 9,432,179 shares. Currently, 6.4% of the company’s stock are sold short. Based on an average trading volume of 1,743,943 shares, the days-to-cover ratio is currently 2.7 days.

iShares MSCI United Kingdom ETF Stock Performance

Shares of NYSEARCA EWU traded up $1.22 during mid-day trading on Thursday, reaching $47.16. 1,993,435 shares of the company traded hands, compared to its average volume of 1,918,591. The stock has a market cap of $3.75 billion, a PE ratio of 15.42 and a beta of 0.59. The company’s fifty day moving average is $46.51 and its two-hundred day moving average is $46.10. iShares MSCI United Kingdom ETF has a fifty-two week low of $39.38 and a fifty-two week high of $48.92.

Institutional Trading of iShares MSCI United Kingdom ETF

Several large investors have recently modified their holdings of EWU. NewEdge Advisors LLC raised its holdings in iShares MSCI United Kingdom ETF by 326.2% in the 2nd quarter. NewEdge Advisors LLC now owns 31,707 shares of the company’s stock worth $1,259,000 after acquiring an additional 24,268 shares during the period. Quantinno Capital Management LP boosted its holdings in iShares MSCI United Kingdom ETF by 7.8% during the second quarter. Quantinno Capital Management LP now owns 29,273 shares of the company’s stock valued at $1,163,000 after acquiring an additional 2,113 shares during the period. Raymond James Financial Inc. grew its position in shares of iShares MSCI United Kingdom ETF by 13.6% in the second quarter. Raymond James Financial Inc. now owns 43,580 shares of the company’s stock valued at $1,731,000 after purchasing an additional 5,227 shares during the last quarter. Bank of America Corp DE grew its position in shares of iShares MSCI United Kingdom ETF by 23.1% in the second quarter. Bank of America Corp DE now owns 3,663,638 shares of the company’s stock valued at $145,520,000 after purchasing an additional 686,519 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in shares of iShares MSCI United Kingdom ETF by 25.8% in the second quarter. MML Investors Services LLC now owns 61,685 shares of the company’s stock worth $2,450,000 after purchasing an additional 12,656 shares during the period. 58.38% of the stock is owned by institutional investors.

iShares MSCI United Kingdom ETF Company Profile

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.