Short Interest in iShares MSCI Sweden ETF (NYSEARCA:EWD) Declines By 33.6%

iShares MSCI Sweden ETF (NYSEARCA:EWDGet Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 155,953 shares, a decrease of 33.6% from the August 15th total of 235,012 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 79,082 shares, the days-to-cover ratio is presently 2.0 days.

iShares MSCI Sweden ETF Trading Up 1.0%

EWD stock traded up $0.53 on Thursday, hitting $51.58. The company’s stock had a trading volume of 85,576 shares, compared to its average volume of 204,947. The stock has a market cap of $572.54 million, a price-to-earnings ratio of 20.15 and a beta of 1.09. The firm has a 50 day moving average of $52.10 and a two-hundred day moving average of $51.35. iShares MSCI Sweden ETF has a 1 year low of $45.34 and a 1 year high of $54.93.

Institutional Investors Weigh In On iShares MSCI Sweden ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EWD. Contravisory Investment Management Inc. boosted its holdings in shares of iShares MSCI Sweden ETF by 2.9% in the second quarter. Contravisory Investment Management Inc. now owns 23,430 shares of the company’s stock valued at $1,171,000 after acquiring an additional 666 shares in the last quarter. Marotta Asset Management lifted its position in iShares MSCI Sweden ETF by 0.5% in the first quarter. Marotta Asset Management now owns 204,189 shares of the company’s stock valued at $10,118,000 after purchasing an additional 995 shares during the period. Syon Capital LLC boosted its holdings in iShares MSCI Sweden ETF by 1.5% in the 4th quarter. Syon Capital LLC now owns 92,422 shares of the company’s stock valued at $4,550,000 after purchasing an additional 1,403 shares in the last quarter. PNC Financial Services Group Inc. increased its position in iShares MSCI Sweden ETF by 14.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,408 shares of the company’s stock worth $799,000 after purchasing an additional 2,039 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of iShares MSCI Sweden ETF by 3.5% during the 4th quarter. HighTower Advisors LLC now owns 66,261 shares of the company’s stock worth $3,262,000 after buying an additional 2,261 shares in the last quarter. 49.63% of the stock is owned by hedge funds and other institutional investors.

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