iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Large Decrease in Short Interest

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 376,373 shares, a decline of 56.3% from the August 15th total of 860,833 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 335,189 shares, the days-to-cover ratio is presently 1.1 days.

iShares MSCI Switzerland ETF Price Performance

iShares MSCI Switzerland ETF stock traded up $0.19 during mid-day trading on Monday, hitting $60.49. 919,881 shares of the company’s stock traded hands, compared to its average volume of 608,850. The firm has a 50 day simple moving average of $63.10 and a two-hundred day simple moving average of $61.87. iShares MSCI Switzerland ETF has a fifty-two week low of $53.70 and a fifty-two week high of $65.53. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 21.82 and a beta of 0.77.

Institutional Trading of iShares MSCI Switzerland ETF

A number of hedge funds have recently modified their holdings of EWL. Bayban acquired a new stake in iShares MSCI Switzerland ETF during the fourth quarter worth approximately $35,000. Howe & Rusling Inc. acquired a new stake in iShares MSCI Switzerland ETF during the 1st quarter worth approximately $39,000. Harbour Investments Inc. boosted its stake in iShares MSCI Switzerland ETF by 359.2% in the 4th quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 643 shares during the period. International Assets Investment Management LLC boosted its stake in iShares MSCI Switzerland ETF by 793.7% in the 1st quarter. International Assets Investment Management LLC now owns 1,126 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 1,000 shares during the period. Finally, Parallel Advisors LLC grew its holdings in iShares MSCI Switzerland ETF by 52.0% in the 1st quarter. Parallel Advisors LLC now owns 1,480 shares of the exchange traded fund’s stock valued at $87,000 after buying an additional 506 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.