iShares MSCI Austria ETF (NYSEARCA:EWO) Stock Short Interest Climbs 67.5%

iShares MSCI Austria ETF (NYSEARCA:EWO) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 42,890 shares, a growth of 67.5% from the September 30th total of 25,612 shares. Based on an average daily volume of 42,308 shares, the short-interest ratio is presently 1.0 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Trading of iShares MSCI Austria ETF

A number of hedge funds have recently bought and sold shares of EWO. Dorsey Wright & Associates purchased a new stake in shares of iShares MSCI Austria ETF during the 1st quarter worth $586,000. Avior Wealth Management LLC purchased a new position in iShares MSCI Austria ETF in the second quarter valued at about $777,000. Kestra Advisory Services LLC purchased a new position in iShares MSCI Austria ETF in the third quarter valued at about $212,000. Arrow Investment Advisors LLC purchased a new position in iShares MSCI Austria ETF in the third quarter valued at about $640,000. Finally, IFP Advisors Inc raised its holdings in iShares MSCI Austria ETF by 2,842.7% in the third quarter. IFP Advisors Inc now owns 12,271 shares of the company’s stock worth $522,000 after purchasing an additional 11,854 shares in the last quarter.

iShares MSCI Austria ETF Stock Performance

NYSEARCA EWO opened at $39.71 on Tuesday. The company has a market cap of $172.74 million, a PE ratio of 11.04 and a beta of 0.82. The firm’s 50 day moving average price is $42.24 and its 200-day moving average price is $40.20. iShares MSCI Austria ETF has a 52-week low of $30.61 and a 52-week high of $44.98.

About iShares MSCI Austria ETF

iShares MSCI Austria Capped ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Austria IMI 25/50 Index (the Underlying Index). The Underlying Index consists of stocks traded on the Vienna Stock Exchange. The Underlying 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 Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.