iShares MSCI Malaysia ETF (NYSEARCA:EWM) Sees Large Increase in Short Interest

iShares MSCI Malaysia ETF (NYSEARCA:EWM) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,532,744 shares, a growth of 198.4% from the September 15th total of 513,700 shares. Based on an average daily trading volume, of 189,648 shares, the short-interest ratio is presently 8.1 days. Approximately 15.5% of the company’s stock are sold short.

iShares MSCI Malaysia ETF Price Performance

Shares of NYSEARCA EWM traded up $0.17 during mid-day trading on Tuesday, hitting $26.96. The company had a trading volume of 74,129 shares, compared to its average volume of 318,376. iShares MSCI Malaysia ETF has a 1-year low of $25.41 and a 1-year high of $30.64. The company has a market capitalization of $258.82 million, a PE ratio of 14.29 and a beta of 0.46. The business’s 50-day simple moving average is $27.86 and its 200 day simple moving average is $28.20.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

Several large investors have recently bought and sold shares of EWM. Whitcomb & Hess Inc. acquired a new stake in shares of iShares MSCI Malaysia ETF during the third quarter worth about $10,821,000. Cullen Capital Management LLC purchased a new position in iShares MSCI Malaysia ETF in the 2nd quarter valued at $312,000. NewEdge Advisors LLC purchased a new position in iShares MSCI Malaysia ETF during the 1st quarter worth $364,000. Bank of America Corp DE boosted its holdings in shares of iShares MSCI Malaysia ETF by 118.4% in the first quarter. Bank of America Corp DE now owns 64,049 shares of the exchange traded fund’s stock valued at $1,820,000 after acquiring an additional 34,724 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in iShares MSCI Malaysia ETF by 506.5% during the first quarter. Royal Bank of Canada now owns 75,987 shares of the exchange traded fund’s stock worth $2,159,000 after purchasing an additional 63,459 shares in the last quarter. Hedge funds and other institutional investors own 86.75% of the company’s stock.

iShares MSCI Malaysia ETF Company Profile

iShares MSCI Malaysia ETF, formerly iShares MSCI Malaysia Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Malaysian market, as measured by the MSCI Malaysia Index (the Index). The Index seeks to measure the performance of the Malaysian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.