iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Down 33.8% in December

iShares MSCI Australia ETF (NYSEARCA:EWA) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 1,224,395 shares, a decrease of 33.8% from the November 30th total of 1,850,021 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average trading volume of 4,160,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 4,160,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.3% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares MSCI Australia ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EWA. Johnson Financial Group Inc. bought a new position in shares of iShares MSCI Australia ETF in the third quarter valued at approximately $32,000. Tower Research Capital LLC TRC lifted its holdings in iShares MSCI Australia ETF by 10,333.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 1,550 shares during the period. Jones Financial Companies Lllp purchased a new position in iShares MSCI Australia ETF in the first quarter worth $42,000. Simplex Trading LLC purchased a new position in iShares MSCI Australia ETF in the second quarter worth $71,000. Finally, Fifth Third Bancorp bought a new position in iShares MSCI Australia ETF in the 3rd quarter valued at $75,000. Hedge funds and other institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Trading Down 0.7%

Shares of EWA traded down $0.20 during trading hours on Monday, reaching $26.48. 6,725,533 shares of the stock traded hands, compared to its average volume of 2,746,025. iShares MSCI Australia ETF has a 52 week low of $20.50 and a 52 week high of $27.57. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04. The stock has a fifty day simple moving average of $26.32 and a 200 day simple moving average of $26.53.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.