iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Down 45.4% in February

iShares MSCI Australia ETF (NYSEARCA:EWA) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 2,827,328 shares, a decrease of 45.4% from the January 29th total of 5,181,553 shares. Based on an average trading volume of 6,826,238 shares, the days-to-cover ratio is presently 0.4 days. Currently, 6.1% of the shares of the company are sold short. Currently, 6.1% of the shares of the company are sold short. Based on an average trading volume of 6,826,238 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EWA. Comerica Bank raised its position in shares of iShares MSCI Australia ETF by 21.7% during the first quarter. Comerica Bank now owns 3,627 shares of the exchange traded fund’s stock valued at $85,000 after buying an additional 646 shares during the last quarter. Jones Financial Companies Lllp bought a new position in iShares MSCI Australia ETF during the first quarter valued at about $42,000. Envestnet Asset Management Inc. raised its holdings in iShares MSCI Australia ETF by 48.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 59,001 shares of the exchange traded fund’s stock valued at $1,553,000 after acquiring an additional 19,204 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in shares of iShares MSCI Australia ETF by 7.6% during the 2nd quarter. iA Global Asset Management Inc. now owns 10,629 shares of the exchange traded fund’s stock worth $280,000 after purchasing an additional 747 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of iShares MSCI Australia ETF during the 2nd quarter worth approximately $337,000. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Price Performance

Shares of iShares MSCI Australia ETF stock traded down $0.05 during midday trading on Friday, hitting $30.09. The company had a trading volume of 6,244,486 shares, compared to its average volume of 5,796,146. iShares MSCI Australia ETF has a 1-year low of $20.50 and a 1-year high of $30.24. The business’s 50 day simple moving average is $27.71 and its two-hundred day simple moving average is $27.01. The stock has a market cap of $1.39 billion, a PE ratio of 19.89 and a beta of 1.04.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.