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

iShares MSCI Spain ETF (NYSEARCA:EWP) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 973,125 shares, a growth of 26.0% from the December 31st total of 772,073 shares. Based on an average daily trading volume, of 759,718 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.9% of the shares of the company are short sold. Currently, 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 759,718 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of iShares MSCI Spain ETF

Large investors have recently added to or reduced their stakes in the company. BOKF NA bought a new position in shares of iShares MSCI Spain ETF during the third quarter valued at approximately $25,000. Comerica Bank lifted its holdings in iShares MSCI Spain ETF by 303.9% during the fourth quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 392 shares during the period. Wolff Wiese Magana LLC purchased a new stake in iShares MSCI Spain ETF during the fourth quarter worth $44,000. Nisa Investment Advisors LLC boosted its position in iShares MSCI Spain ETF by 39.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,100 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 310 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of iShares MSCI Spain ETF by 879.8% in the 2nd quarter. Private Trust Co. NA now owns 1,117 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 1,003 shares during the period. Institutional investors own 38.17% of the company’s stock.

iShares MSCI Spain ETF Trading Down 1.1%

Shares of EWP traded down $0.61 during trading hours on Tuesday, reaching $56.25. 1,874,758 shares of the stock traded hands, compared to its average volume of 784,688. The company has a market cap of $1.88 billion, a P/E ratio of 10.89 and a beta of 0.86. The company’s 50-day moving average price is $54.02 and its two-hundred day moving average price is $50.48. iShares MSCI Spain ETF has a 52-week low of $32.87 and a 52-week high of $57.17.

About iShares MSCI Spain ETF

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.