iShares MSCI France ETF (NYSEARCA:EWQ) Sees Significant Drop in Short Interest

iShares MSCI France ETF (NYSEARCA:EWQ) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 860,585 shares, a drop of 21.9% from the November 30th total of 1,101,692 shares. Approximately 9.4% of the shares of the company are short sold. Based on an average daily trading volume, of 281,202 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily trading volume, of 281,202 shares, the days-to-cover ratio is currently 3.1 days. Approximately 9.4% of the shares of the company are short sold.

iShares MSCI France ETF Stock Up 0.3%

Shares of EWQ stock traded up $0.15 during mid-day trading on Tuesday, hitting $45.14. 211,273 shares of the stock were exchanged, compared to its average volume of 355,994. iShares MSCI France ETF has a 52-week low of $35.22 and a 52-week high of $45.46. The firm has a fifty day moving average of $44.53 and a 200 day moving average of $43.64. The company has a market cap of $415.29 million, a PE ratio of 17.82 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EWQ. Wellington Management Group LLP acquired a new stake in shares of iShares MSCI France ETF in the first quarter valued at about $814,000. Comerica Bank boosted its holdings in iShares MSCI France ETF by 54.9% in the 1st quarter. Comerica Bank now owns 1,182 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 419 shares during the last quarter. AlTi Global Inc. purchased a new stake in iShares MSCI France ETF during the 1st quarter worth approximately $441,000. Jones Financial Companies Lllp acquired a new position in shares of iShares MSCI France ETF during the first quarter valued at approximately $7,624,000. Finally, Jane Street Group LLC lifted its position in shares of iShares MSCI France ETF by 3.2% in the first quarter. Jane Street Group LLC now owns 1,121,581 shares of the exchange traded fund’s stock valued at $44,639,000 after acquiring an additional 34,899 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

About iShares MSCI France ETF

iShares MSCI France ETF, formerly iShares MSCI France Index 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 French market, as measured by the MSCI France Index (the Index). The Index seeks to measure the performance of the French equity market. The Index consists of stocks traded primarily on the Paris Stock Exchange. The Fund invests in sectors, such as industrials, financials, energy, consumer discretionary, consumer staples, healthcare, materials, telecommunication services, utilities and information technology.