iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Update

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 949,737 shares, an increase of 82.7% from the May 14th total of 519,802 shares. Based on an average daily trading volume, of 505,123 shares, the days-to-cover ratio is currently 1.9 days. Currently, 8.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Hilltop Partners LLC lifted its stake in shares of iShares MSCI Italy ETF by 2.9% during the 4th quarter. Hilltop Partners LLC now owns 7,029 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 197 shares during the period. Cobblestone Asset Management LLC lifted its stake in shares of iShares MSCI Italy ETF by 2.5% during the 4th quarter. Cobblestone Asset Management LLC now owns 12,698 shares of the exchange traded fund’s stock worth $690,000 after purchasing an additional 315 shares during the period. Strategic Advocates LLC lifted its stake in shares of iShares MSCI Italy ETF by 94.9% during the 4th quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 336 shares during the period. Arlington Capital Management Inc. lifted its stake in shares of iShares MSCI Italy ETF by 0.6% during the 4th quarter. Arlington Capital Management Inc. now owns 60,524 shares of the exchange traded fund’s stock worth $3,288,000 after purchasing an additional 360 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of iShares MSCI Italy ETF by 41.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,367 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Stock Performance

EWI stock opened at $60.73 on Wednesday. iShares MSCI Italy ETF has a 1 year low of $45.79 and a 1 year high of $61.04. The stock’s 50 day moving average price is $58.34 and its 200 day moving average price is $55.85. The firm has a market cap of $697.18 million, a P/E ratio of 12.30 and a beta of 0.87.

About iShares MSCI Italy ETF

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan 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.