iShares MSCI South Korea ETF (NYSEARCA:EWY) Short Interest Down 43.0% in July

iShares MSCI South Korea ETF (NYSEARCA:EWY) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 21,064,734 shares, a decline of 43.0% from the July 15th total of 36,969,319 shares. Based on an average trading volume of 28,449,100 shares, the days-to-cover ratio is presently 0.7 days. Currently, 14.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Main Street Research LLC bought a new stake in shares of iShares MSCI South Korea ETF in the 4th quarter worth approximately $34,558,000. MRA Advisory Group increased its stake in shares of iShares MSCI South Korea ETF by 1,746.7% during the first quarter. MRA Advisory Group now owns 54,718 shares of the exchange traded fund’s stock valued at $6,731,000 after buying an additional 51,755 shares during the period. Lombard Odier Asset Management USA Corp bought a new position in shares of iShares MSCI South Korea ETF during the fourth quarter valued at approximately $820,000. Strategic Global Advisors LLC bought a new position in shares of iShares MSCI South Korea ETF during the fourth quarter valued at approximately $664,000. Finally, Hsbc Holdings PLC lifted its stake in iShares MSCI South Korea ETF by 1,764.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,897,337 shares of the exchange traded fund’s stock worth $184,457,000 after acquiring an additional 1,795,557 shares during the period. Institutional investors own 49.22% of the company’s stock.

iShares MSCI South Korea ETF Stock Up 5.3%

Shares of NYSEARCA:EWY traded up $9.50 during midday trading on Monday, hitting $189.24. 7,868,195 shares of the stock traded hands, compared to its average volume of 20,364,902. The business’s 50 day moving average is $180.79 and its two-hundred day moving average is $160.34. The stock has a market capitalization of $27.48 billion, a PE ratio of 10.35 and a beta of 1.49. iShares MSCI South Korea ETF has a one year low of $70.93 and a one year high of $220.89.

iShares MSCI South Korea ETF Company Profile

iShares MSCI South Korea Capped ETF (the 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 Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no 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.