iShares MSCI France ETF (NYSEARCA:EWQ) Shares Shorted: Short Interest Up 80.6% in October

iShares MSCI France ETF (NYSEARCA:EWQ) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,560,927 shares, an increase of 80.6% from the September 30th total of 864,399 shares. Currently, 19.5% of the company’s shares are sold short. Based on an average daily volume of 495,115 shares, the days-to-cover ratio is presently 3.2 days.

Hedge Funds Weigh In On iShares MSCI France ETF

Several institutional investors and hedge funds have recently modified their holdings of EWQ. Trek Financial LLC grew its position in iShares MSCI France ETF by 250.3% in the 3rd quarter. Trek Financial LLC now owns 29,147 shares of the exchange traded fund’s stock worth $1,242,000 after purchasing an additional 20,827 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in iShares MSCI France ETF during the third quarter valued at $939,000. Nisa Investment Advisors LLC bought a new position in iShares MSCI France ETF in the third quarter valued at about $282,000. SteelPeak Wealth LLC bought a new position in iShares MSCI France ETF in the third quarter valued at about $245,000. Finally, USA Financial Formulas bought a new stake in shares of iShares MSCI France ETF during the 3rd quarter valued at about $263,000. 73.46% of the stock is currently owned by institutional investors.

iShares MSCI France ETF Trading Down 0.4%

Shares of EWQ stock traded down $0.15 during mid-day trading on Friday, reaching $42.24. The stock had a trading volume of 513,216 shares, compared to its average volume of 398,580. iShares MSCI France ETF has a 52-week low of $40.92 and a 52-week high of $48.39. The firm has a market capitalization of $346.37 million, a PE ratio of 17.82 and a beta of 0.85. The stock’s 50-day moving average price is $43.55 and its two-hundred day moving average price is $45.03.

About iShares MSCI France ETF

iShares MSCI France ETF, formerly iShares MSCI France Index 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 French market, as measured by the MSCI France Index (the Index). The Index seeks to measure the performance of the French equity market. The Index consists of stocks traded primarily on the Paris Stock Exchange. The Fund invests in sectors, such as industrials, financials, energy, consumer discretionary, consumer staples, healthcare, materials, telecommunication services, utilities and information technology.