Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Decreases By 57.5%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 243,991 shares, a decline of 57.5% from the November 30th total of 574,355 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 577,233 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 577,233 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. acquired a new position in iShares MSCI Switzerland ETF in the 2nd quarter worth approximately $38,000. Advisory Services Network LLC acquired a new stake in iShares MSCI Switzerland ETF during the 3rd quarter valued at approximately $44,000. MAI Capital Management boosted its holdings in shares of iShares MSCI Switzerland ETF by 631.1% in the 3rd quarter. MAI Capital Management now owns 965 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 833 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of iShares MSCI Switzerland ETF in the second quarter worth $56,000. Finally, IFP Advisors Inc purchased a new position in shares of iShares MSCI Switzerland ETF during the third quarter worth $60,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Price Performance

Shares of EWL stock opened at $60.53 on Friday. The business has a fifty day moving average of $57.48 and a 200 day moving average of $55.81. iShares MSCI Switzerland ETF has a 1 year low of $45.80 and a 1 year high of $60.59. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.