Short Interest in iShares MSCI Spain ETF (NYSEARCA:EWP) Rises By 172.2%

iShares MSCI Spain ETF (NYSEARCA:EWP) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 575,298 shares, a growth of 172.2% from the June 30th total of 211,313 shares. Based on an average daily volume of 539,861 shares, the short-interest ratio is currently 1.1 days. Approximately 1.7% of the shares of the stock are short sold.

iShares MSCI Spain ETF Trading Up 1.6%

Shares of EWP traded up $0.98 during mid-day trading on Monday, hitting $60.69. 373,017 shares of the company traded hands, compared to its average volume of 531,650. iShares MSCI Spain ETF has a one year low of $44.19 and a one year high of $60.87. The business has a 50-day moving average of $58.40 and a 200 day moving average of $56.54. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Whitcomb & Hess Inc. increased its stake in shares of iShares MSCI Spain ETF by 2.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 221,169 shares of the exchange traded fund’s stock valued at $13,135,000 after buying an additional 4,408 shares during the period. Empowered Funds LLC acquired a new stake in iShares MSCI Spain ETF in the first quarter worth about $534,000. EverSource Wealth Advisors LLC raised its holdings in iShares MSCI Spain ETF by 25.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 16,285 shares of the exchange traded fund’s stock worth $884,000 after purchasing an additional 3,320 shares during the last quarter. Boreal Capital Management LLC raised its holdings in iShares MSCI Spain ETF by 21.6% during the 1st quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock worth $171,000 after purchasing an additional 560 shares during the last quarter. Finally, CacheTech Inc. lifted its position in iShares MSCI Spain ETF by 0.5% during the 1st quarter. CacheTech Inc. now owns 152,935 shares of the exchange traded fund’s stock valued at $8,306,000 after purchasing an additional 723 shares during the period. Institutional investors and hedge funds own 38.17% of the company’s stock.

iShares MSCI Spain ETF Company Profile

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index 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 Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.