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

iShares MSCI Italy ETF (NYSEARCA:EWI) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,125,116 shares, a growth of 525.7% from the September 15th total of 179,824 shares. Approximately 5.6% of the shares of the company are short sold. Based on an average daily volume of 281,878 shares, the short-interest ratio is presently 4.0 days.

Institutional Trading of iShares MSCI Italy ETF

Several large investors have recently added to or reduced their stakes in EWI. Parkway Wealth Management Group LLC lifted its position in iShares MSCI Italy ETF by 1.5% in the first quarter. Parkway Wealth Management Group LLC now owns 622,607 shares of the exchange traded fund’s stock worth $35,507,000 after purchasing an additional 9,250 shares during the period. Knollwood Investment Advisory LLC acquired a new stake in iShares MSCI Italy ETF in the 2nd quarter valued at about $1,007,000. Moran Wealth Management LLC grew its stake in shares of iShares MSCI Italy ETF by 13.3% in the 1st quarter. Moran Wealth Management LLC now owns 176,338 shares of the exchange traded fund’s stock worth $9,420,000 after purchasing an additional 20,764 shares during the last quarter. Arlington Capital Management Inc. grew its position in iShares MSCI Italy ETF by 69.0% in the first quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock worth $5,464,000 after buying an additional 41,754 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of iShares MSCI Italy ETF in the second quarter valued at $1,058,000. 37.96% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Italy ETF Trading Up 0.5%

NYSEARCA EWI traded up $0.27 during trading hours on Friday, reaching $56.32. The company’s stock had a trading volume of 2,424,743 shares, compared to its average volume of 464,764. The stock has a market cap of $1.14 billion, a PE ratio of 12.30 and a beta of 0.88. iShares MSCI Italy ETF has a 52 week low of $50.05 and a 52 week high of $63.76. The business has a 50-day simple moving average of $61.16 and a 200 day simple moving average of $59.36.

iShares MSCI Italy ETF Company Profile

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.