Short Interest in iShares MSCI Singapore ETF (NYSEARCA:EWS) Grows By 312.5%

iShares MSCI Singapore ETF (NYSEARCA:EWS) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 1,209,144 shares, a growth of 312.5% from the December 31st total of 293,114 shares. Based on an average daily trading volume, of 864,599 shares, the days-to-cover ratio is currently 1.4 days. Approximately 4.5% of the company’s shares are sold short. Approximately 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 864,599 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On iShares MSCI Singapore ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. lifted its holdings in iShares MSCI Singapore ETF by 37.5% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 67,875 shares of the company’s stock worth $1,867,000 after buying an additional 18,510 shares during the period. Wealthfront Advisers LLC lifted its stake in iShares MSCI Singapore ETF by 29.3% during the 4th quarter. Wealthfront Advisers LLC now owns 12,920 shares of the company’s stock valued at $355,000 after acquiring an additional 2,928 shares during the period. Evergreen Capital Management LLC grew its position in shares of iShares MSCI Singapore ETF by 5.3% in the fourth quarter. Evergreen Capital Management LLC now owns 80,607 shares of the company’s stock valued at $2,217,000 after purchasing an additional 4,035 shares during the period. Sunpointe LLC purchased a new stake in shares of iShares MSCI Singapore ETF during the 4th quarter valued at approximately $230,000. Finally, Baker Ellis Asset Management LLC acquired a new position in iShares MSCI Singapore ETF during the 4th quarter worth $358,000. 52.30% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Singapore ETF Price Performance

Shares of EWS stock traded down $0.60 during trading hours on Friday, reaching $28.23. 868,021 shares of the stock were exchanged, compared to its average volume of 864,388. The firm has a market capitalization of $769.27 million, a P/E ratio of 15.28 and a beta of 0.69. The business’s fifty day moving average is $27.93 and its two-hundred day moving average is $28.03. iShares MSCI Singapore ETF has a 12-month low of $20.08 and a 12-month high of $29.65.

iShares MSCI Singapore ETF Company Profile

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).