Short Interest in iShares MSCI Belgium ETF (NYSEARCA:EWK) Decreases By 35.1%

iShares MSCI Belgium ETF (NYSEARCA:EWK) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 50,917 shares, a drop of 35.1% from the April 15th total of 78,456 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 72,341 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On iShares MSCI Belgium ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Belgium ETF in the 2nd quarter worth $65,000. Bank of Montreal Can bought a new position in iShares MSCI Belgium ETF in the 4th quarter worth $80,000. Osaic Holdings Inc. raised its holdings in iShares MSCI Belgium ETF by 26.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,769 shares of the company’s stock worth $83,000 after purchasing an additional 782 shares during the period. Idaho Trust Co raised its holdings in iShares MSCI Belgium ETF by 51.6% in the 4th quarter. Idaho Trust Co now owns 13,560 shares of the company’s stock worth $330,000 after purchasing an additional 4,615 shares during the period. Finally, DRW Securities LLC raised its holdings in iShares MSCI Belgium ETF by 39.0% in the 4th quarter. DRW Securities LLC now owns 23,400 shares of the company’s stock worth $569,000 after purchasing an additional 6,566 shares during the period.

iShares MSCI Belgium ETF Stock Performance

Shares of EWK stock traded up $0.06 on Monday, reaching $26.25. The stock had a trading volume of 5,480 shares, compared to its average volume of 43,332. The stock has a market cap of $115.50 million, a P/E ratio of 18.50 and a beta of 0.68. iShares MSCI Belgium ETF has a 1 year low of $21.30 and a 1 year high of $27.63. The company has a 50 day simple moving average of $25.22 and a 200 day simple moving average of $25.09.

iShares MSCI Belgium ETF Company Profile

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.