iShares MSCI Italy ETF (NYSEARCA:EWI) Shares Shorted: Short Interest Down 68.1% in October

iShares MSCI Italy ETF (NYSEARCA:EWI) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 358,695 shares, a decrease of 68.1% from the September 30th total of 1,125,116 shares. Based on an average daily volume of 741,053 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.7% of the shares of the company are sold short.

iShares MSCI Italy ETF Price Performance

Shares of EWI traded down $0.52 during trading hours on Friday, reaching $55.87. 187,186 shares of the company’s stock traded hands, compared to its average volume of 446,863. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 12.30 and a beta of 0.88. iShares MSCI Italy ETF has a twelve month low of $50.48 and a twelve month high of $63.76. The business’s fifty day simple moving average is $59.05 and its two-hundred day simple moving average is $58.13.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cairn Investment Group Inc. acquired a new position in iShares MSCI Italy ETF in the second quarter worth approximately $15,604,000. Nilsine Partners LLC boosted its position in iShares MSCI Italy ETF by 1.6% during the 2nd quarter. Nilsine Partners LLC now owns 179,139 shares of the exchange traded fund’s stock worth $10,612,000 after acquiring an additional 2,900 shares during the period. Moran Wealth Management LLC grew its position in iShares MSCI Italy ETF by 13.3% during the first quarter. Moran Wealth Management LLC now owns 176,338 shares of the exchange traded fund’s stock valued at $9,420,000 after purchasing an additional 20,764 shares in the last quarter. CacheTech Inc. increased its stake in iShares MSCI Italy ETF by 2.4% in the 1st quarter. CacheTech Inc. now owns 155,026 shares of the exchange traded fund’s stock valued at $8,281,000 after buying an additional 3,668 shares during the period. Finally, Arlington Capital Management Inc. increased its stake in iShares MSCI Italy ETF by 69.0% in the 1st quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock valued at $5,464,000 after buying an additional 41,754 shares during the period. 37.96% of the stock is owned by institutional investors and hedge funds.

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.