iShares MSCI Italy ETF (NYSEARCA:EWI) Sees Significant Decrease in Short Interest

iShares MSCI Italy ETF (NYSEARCA:EWI) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 212,767 shares, a decline of 64.9% from the August 15th total of 605,473 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 165,780 shares, the days-to-cover ratio is currently 1.3 days.

iShares MSCI Italy ETF Trading Up 1.6%

EWI stock traded up $0.95 during trading on Friday, hitting $61.96. The company had a trading volume of 296,673 shares, compared to its average volume of 453,472. The stock has a market cap of $1.05 billion, a PE ratio of 12.30 and a beta of 0.87. The business has a 50-day moving average of $61.73 and a 200-day moving average of $58.68. iShares MSCI Italy ETF has a one year low of $50.05 and a one year high of $63.76.

Institutional Investors Weigh In On iShares MSCI Italy ETF

Institutional investors have recently modified their holdings of the company. DV Equities LLC bought a new position in iShares MSCI Italy ETF during the fourth quarter worth $27,000. Pacifica Partners Inc. bought a new stake in iShares MSCI Italy ETF during the second quarter valued at $30,000. Strategic Advocates LLC boosted its position in iShares MSCI Italy ETF by 94.9% during the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 336 shares during the last quarter. Fifth Third Bancorp bought a new stake in iShares MSCI Italy ETF during the first quarter valued at $39,000. Finally, NewEdge Advisors LLC grew its holdings in iShares MSCI Italy ETF by 1,596.5% during the 1st quarter. NewEdge Advisors LLC now owns 967 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 910 shares during the period. 37.96% of the stock is owned by institutional investors.

About iShares MSCI Italy ETF

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan 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.