iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Significant Drop in Short Interest

iShares MSCI Australia ETF (NYSEARCA:EWA) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 1,364,439 shares, a decrease of 55.2% from the December 31st total of 3,045,951 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 4,186,456 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 4,186,456 shares, the short-interest ratio is currently 0.3 days. Approximately 2.9% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI Australia ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of iShares MSCI Australia ETF by 2.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,538,390 shares of the exchange traded fund’s stock valued at $68,537,000 after buying an additional 55,900 shares in the last quarter. Cadinha & Co. LLC acquired a new stake in iShares MSCI Australia ETF in the third quarter valued at approximately $25,349,000. Vontobel Holding Ltd. grew its position in iShares MSCI Australia ETF by 4.7% in the third quarter. Vontobel Holding Ltd. now owns 914,130 shares of the exchange traded fund’s stock worth $24,682,000 after acquiring an additional 41,274 shares in the last quarter. Raymond James Financial Inc. grew its position in iShares MSCI Australia ETF by 3,134.0% in the second quarter. Raymond James Financial Inc. now owns 778,558 shares of the exchange traded fund’s stock worth $20,492,000 after acquiring an additional 754,484 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of iShares MSCI Australia ETF by 340.5% during the 3rd quarter. Fisher Asset Management LLC now owns 570,604 shares of the exchange traded fund’s stock worth $15,406,000 after purchasing an additional 441,077 shares during the last quarter. 59.69% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Australia ETF Stock Performance

Shares of EWA stock traded down $0.67 during trading on Friday, hitting $27.75. 11,658,218 shares of the company were exchanged, compared to its average volume of 5,489,230. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04. The business’s 50-day simple moving average is $26.49 and its 200 day simple moving average is $26.64. iShares MSCI Australia ETF has a twelve month low of $20.50 and a twelve month high of $28.65.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.