iShares MSCI Austria ETF (NYSEARCA:EWO) Sees Significant Increase in Short Interest

iShares MSCI Austria ETF (NYSEARCA:EWO) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 45,616 shares, an increase of 61.2% from the July 30th total of 28,296 shares. Based on an average trading volume of 101,784 shares, the short-interest ratio is presently 0.4 days. Currently, 1.1% of the shares of the company are short sold.

iShares MSCI Austria ETF Stock Down 0.0%

NYSEARCA:EWO traded down $0.02 during trading hours on Monday, hitting $44.04. 434,206 shares of the stock traded hands, compared to its average volume of 51,798. The company has a market cap of $184.97 million, a price-to-earnings ratio of 11.04 and a beta of 0.80. iShares MSCI Austria ETF has a 1 year low of $30.22 and a 1 year high of $44.60. The stock has a 50 day moving average price of $42.83 and a 200 day moving average price of $39.98.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in iShares MSCI Austria ETF by 425.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,071 shares of the company’s stock worth $38,000 after buying an additional 867 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of iShares MSCI Austria ETF in the first quarter valued at about $30,000. Comerica Bank lifted its position in shares of iShares MSCI Austria ETF by 466.0% in the first quarter. Comerica Bank now owns 1,217 shares of the company’s stock valued at $31,000 after acquiring an additional 1,002 shares in the last quarter. Harbour Investments Inc. bought a new position in shares of iShares MSCI Austria ETF in the fourth quarter worth about $46,000. Finally, Royal Bank of Canada boosted its stake in shares of iShares MSCI Austria ETF by 59.1% in the first quarter. Royal Bank of Canada now owns 2,288 shares of the company’s stock worth $82,000 after acquiring an additional 850 shares during the period.

About iShares MSCI Austria ETF

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