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

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 908,964 shares, a growth of 56.6% from the February 26th total of 580,348 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily volume of 908,098 shares, the short-interest ratio is presently 1.0 days.

iShares MSCI Spain ETF Stock Performance

Shares of NYSEARCA:EWP traded down $0.50 during trading on Friday, reaching $51.96. 294,576 shares of the stock were exchanged, compared to its average volume of 710,698. The firm’s 50-day moving average price is $55.13 and its 200 day moving average price is $52.60. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 10.89 and a beta of 0.86. iShares MSCI Spain ETF has a 12-month low of $33.85 and a 12-month high of $58.32.

Institutional Investors Weigh In On iShares MSCI Spain ETF

Institutional investors have recently bought and sold shares of the business. BOKF NA purchased a new position in shares of iShares MSCI Spain ETF in the 3rd quarter valued at $25,000. Comerica Bank boosted its position in iShares MSCI Spain ETF by 303.9% during the 4th quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 392 shares during the period. Wolff Wiese Magana LLC acquired a new stake in iShares MSCI Spain ETF in the 4th quarter valued at $44,000. Riggs Asset Managment Co. Inc. acquired a new stake in iShares MSCI Spain ETF in the 2nd quarter valued at $63,000. Finally, Private Trust Co. NA raised its position in iShares MSCI Spain ETF by 4,519.2% in the fourth quarter. Private Trust Co. NA now owns 1,201 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 1,175 shares during the period. 38.17% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Spain ETF Company Profile

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.