iShares MSCI Singapore ETF (NYSEARCA:EWS) Sees Large Decline in Short Interest

iShares MSCI Singapore ETF (NYSEARCA:EWS) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 564,156 shares, a decrease of 44.8% from the July 30th total of 1,022,938 shares. Based on an average daily trading volume, of 1,236,693 shares, the short-interest ratio is currently 0.5 days. Approximately 1.7% of the company’s stock are short sold.

iShares MSCI Singapore ETF Trading Down 0.1%

NYSEARCA EWS traded down $0.05 during trading on Friday, reaching $33.93. The company’s stock had a trading volume of 350,751 shares, compared to its average volume of 946,847. The stock has a market capitalization of $1.10 billion, a PE ratio of 15.28 and a beta of 0.55. iShares MSCI Singapore ETF has a 1-year low of $26.69 and a 1-year high of $34.25. The business has a 50-day moving average price of $32.00 and a 200-day moving average price of $29.86.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

Hedge funds have recently bought and sold shares of the business. Intesa Sanpaolo Wealth Management bought a new position in iShares MSCI Singapore ETF during the fourth quarter valued at about $28,000. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Singapore ETF during the 1st quarter valued at about $29,000. Purpose Unlimited Inc. acquired a new position in shares of iShares MSCI Singapore ETF during the 4th quarter valued at about $35,000. Harbour Investments Inc. bought a new position in shares of iShares MSCI Singapore ETF in the 4th quarter valued at approximately $50,000. Finally, Kestra Advisory Services LLC bought a new position in shares of iShares MSCI Singapore ETF in the 4th quarter valued at approximately $109,000. 52.30% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).