iShares MSCI Spain ETF (NYSEARCA:EWP – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 743,878 shares, an increase of 268.7% from the September 15th total of 201,737 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 374,695 shares, the days-to-cover ratio is presently 2.0 days.
iShares MSCI Spain ETF Price Performance
EWP traded up $0.29 during trading hours on Tuesday, reaching $58.33. The company’s stock had a trading volume of 27,345 shares, compared to its average volume of 523,362. iShares MSCI Spain ETF has a fifty-two week low of $48.59 and a fifty-two week high of $63.44. The stock has a market cap of $2.32 billion, a PE ratio of 10.89 and a beta of 0.67. The business’s 50-day moving average is $61.31 and its 200-day moving average is $58.94.
Institutional Investors Weigh In On iShares MSCI Spain ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EWP. Catalyst Capital Advisors LLC grew its holdings in shares of iShares MSCI Spain ETF by 4.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 213,236 shares of the exchange traded fund’s stock worth $11,581,000 after purchasing an additional 8,798 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of iShares MSCI Spain ETF during the 1st quarter worth about $511,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of iShares MSCI Spain ETF during the 4th quarter worth about $101,057,000. ES4 LLC acquired a new stake in shares of iShares MSCI Spain ETF during the 4th quarter worth about $579,000. Finally, Dorsey Wright & Associates acquired a new stake in shares of iShares MSCI Spain ETF during the 1st quarter worth about $743,000. Institutional investors and hedge funds own 38.17% of the company’s stock.
iShares MSCI Spain ETF Company Profile
iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.
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