iShares MSCI Canada ETF (NYSEARCA:EWC) Short Interest Up 90.0% in March

iShares MSCI Canada ETF (NYSEARCA:EWC) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 6,955,273 shares, an increase of 90.0% from the February 26th total of 3,660,231 shares. Currently, 9.4% of the company’s stock are short sold. Based on an average trading volume of 4,261,686 shares, the short-interest ratio is presently 1.6 days.

iShares MSCI Canada ETF Price Performance

NYSEARCA EWC traded down $0.92 on Thursday, hitting $53.71. The stock had a trading volume of 2,290,609 shares, compared to its average volume of 3,135,106. The business’s fifty day moving average price is $55.84 and its 200 day moving average price is $53.20. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 19.77 and a beta of 0.94. iShares MSCI Canada ETF has a 52-week low of $36.70 and a 52-week high of $58.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in shares of iShares MSCI Canada ETF by 1,675.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,178,045 shares of the exchange traded fund’s stock valued at $171,392,000 after purchasing an additional 2,999,053 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of iShares MSCI Canada ETF by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 1,922,798 shares of the exchange traded fund’s stock worth $97,197,000 after purchasing an additional 8,117 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares MSCI Canada ETF by 22.8% during the second quarter. Bank of America Corp DE now owns 1,769,516 shares of the exchange traded fund’s stock worth $81,752,000 after purchasing an additional 328,742 shares during the period. Korea Investment CORP boosted its position in iShares MSCI Canada ETF by 5.7% in the fourth quarter. Korea Investment CORP now owns 1,757,957 shares of the exchange traded fund’s stock valued at $94,807,000 after buying an additional 94,857 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in iShares MSCI Canada ETF by 2.8% in the 4th quarter. Assetmark Inc. now owns 1,708,400 shares of the exchange traded fund’s stock worth $92,134,000 after buying an additional 46,088 shares during the period.

iShares MSCI Canada ETF Company Profile

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.