Short Interest in iShares MSCI Netherlands ETF (NYSEARCA:EWN) Expands By 16.4%

iShares MSCI Netherlands ETF (NYSEARCA:EWN) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 46,888 shares, a growth of 16.4% from the February 12th total of 40,295 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 76,996 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 76,996 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI Netherlands ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in iShares MSCI Netherlands ETF by 2,545.5% in the fourth quarter. Royal Bank of Canada now owns 32,143 shares of the exchange traded fund’s stock valued at $1,833,000 after acquiring an additional 30,928 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of iShares MSCI Netherlands ETF during the fourth quarter worth $222,000. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares MSCI Netherlands ETF by 22.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 931,889 shares of the exchange traded fund’s stock valued at $53,146,000 after purchasing an additional 172,502 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of iShares MSCI Netherlands ETF by 461.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 24,777 shares of the exchange traded fund’s stock worth $1,413,000 after purchasing an additional 20,363 shares in the last quarter. Finally, AlphaCentric Advisors LLC acquired a new stake in iShares MSCI Netherlands ETF in the fourth quarter worth about $128,000.

iShares MSCI Netherlands ETF Stock Performance

EWN stock opened at $59.70 on Tuesday. The firm has a market cap of $343.28 million, a price-to-earnings ratio of 19.71 and a beta of 1.16. The firm has a 50-day simple moving average of $61.48 and a two-hundred day simple moving average of $58.81. iShares MSCI Netherlands ETF has a one year low of $41.40 and a one year high of $64.01.

About iShares MSCI Netherlands ETF

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.