iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Significant Drop in Short Interest

iShares MSCI Spain ETF (NYSEARCA:EWP) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 475,580 shares, a decline of 36.1% from the September 30th total of 743,878 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 1,098,875 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares MSCI Spain ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EWP. Fifth Third Bancorp bought a new position in iShares MSCI Spain ETF in the first quarter worth approximately $41,000. Farther Finance Advisors LLC lifted its holdings in iShares MSCI Spain ETF by 156.1% during the third quarter. Farther Finance Advisors LLC now owns 986 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 601 shares during the period. Nisa Investment Advisors LLC bought a new stake in iShares MSCI Spain ETF during the 3rd quarter valued at $65,000. Boreal Capital Management LLC boosted its position in iShares MSCI Spain ETF by 21.6% during the 1st quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock valued at $171,000 after acquiring an additional 560 shares in the last quarter. Finally, Boltwood Capital Management bought a new stake in iShares MSCI Spain ETF during the 3rd quarter valued at $211,000. Institutional investors own 38.17% of the company’s stock.

iShares MSCI Spain ETF Trading Down 0.4%

Shares of NYSEARCA:EWP opened at $56.91 on Wednesday. iShares MSCI Spain ETF has a 12 month low of $49.33 and a 12 month high of $63.44. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 10.89 and a beta of 0.69. The firm’s 50-day moving average is $59.72 and its 200 day moving average is $57.97.

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.