iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Down 66.5% in July

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 370,812 shares, a drop of 66.5% from the July 15th total of 1,106,933 shares. Based on an average trading volume of 421,310 shares, the short-interest ratio is currently 0.9 days. Approximately 2.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in iShares MSCI Italy ETF by 24.3% during the second quarter. Ameriprise Financial Inc. now owns 710,888 shares of the exchange traded fund’s stock worth $34,227,000 after purchasing an additional 139,088 shares during the period. TD Waterhouse Canada Inc. bought a new position in iShares MSCI Italy ETF in the 4th quarter valued at about $6,490,000. Northwestern Mutual Wealth Management Co. increased its holdings in iShares MSCI Italy ETF by 112,701.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 117,314 shares of the exchange traded fund’s stock valued at $6,374,000 after buying an additional 117,210 shares during the period. UBS Group AG increased its holdings in iShares MSCI Italy ETF by 45.3% in the 4th quarter. UBS Group AG now owns 289,258 shares of the exchange traded fund’s stock valued at $15,715,000 after buying an additional 90,221 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of iShares MSCI Italy ETF by 21.5% in the 4th quarter. Schroder Investment Management Group now owns 499,500 shares of the exchange traded fund’s stock valued at $27,268,000 after buying an additional 88,500 shares in the last quarter. Institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Price Performance

Shares of NYSEARCA EWI opened at $63.27 on Friday. The business has a fifty day moving average price of $60.75 and a two-hundred day moving average price of $57.86. The stock has a market capitalization of $1.07 billion, a PE ratio of 12.30 and a beta of 0.87. iShares MSCI Italy ETF has a fifty-two week low of $50.05 and a fifty-two week high of $63.76.

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.