Short Interest in iShares MSCI Malaysia ETF (NYSEARCA:EWM) Decreases By 54.4%

iShares MSCI Malaysia ETF (NYSEARCA:EWM) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 235,510 shares, a drop of 54.4% from the February 26th total of 516,376 shares. Based on an average daily volume of 618,656 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.9% of the shares of the company are sold short.

iShares MSCI Malaysia ETF Stock Performance

Shares of iShares MSCI Malaysia ETF stock traded down $0.71 during midday trading on Thursday, hitting $28.28. 1,900,928 shares of the company traded hands, compared to its average volume of 513,149. The firm’s fifty day moving average price is $29.18 and its 200-day moving average price is $27.36. The stock has a market cap of $347.84 million, a price-to-earnings ratio of 14.29 and a beta of 0.55. iShares MSCI Malaysia ETF has a 12 month low of $20.80 and a 12 month high of $30.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EWM. Jessup Wealth Management Inc acquired a new stake in iShares MSCI Malaysia ETF in the fourth quarter worth $72,000. BOCHK Asset Management Ltd raised its holdings in shares of iShares MSCI Malaysia ETF by 250.0% during the fourth quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock valued at $77,000 after purchasing an additional 2,000 shares during the period. Raymond James Financial Inc. bought a new position in shares of iShares MSCI Malaysia ETF during the 2nd quarter worth about $84,000. AlphaCentric Advisors LLC bought a new position in shares of iShares MSCI Malaysia ETF during the 4th quarter worth about $152,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares MSCI Malaysia ETF in the 4th quarter valued at about $161,000. 86.75% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Malaysia ETF Company Profile

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