Short Interest in iShares MSCI France ETF (NYSEARCA:EWQ) Drops By 36.8%

iShares MSCI France ETF (NYSEARCA:EWQ) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 679,705 shares, a drop of 36.8% from the April 15th total of 1,074,834 shares. Based on an average daily volume of 288,688 shares, the short-interest ratio is presently 2.4 days. Approximately 7.1% of the shares of the company are short sold.

iShares MSCI France ETF Trading Down 0.9%

Shares of EWQ stock opened at $44.42 on Wednesday. iShares MSCI France ETF has a 1 year low of $40.91 and a 1 year high of $48.39. The firm’s fifty day simple moving average is $44.51 and its 200 day simple moving average is $45.01. The firm has a market capitalization of $426.43 million, a P/E ratio of 17.82 and a beta of 0.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Boltwood Capital Management increased its holdings in shares of iShares MSCI France ETF by 3.2% during the 4th quarter. Boltwood Capital Management now owns 9,650 shares of the exchange traded fund’s stock worth $434,000 after purchasing an additional 300 shares during the period. Comerica Bank increased its holdings in shares of iShares MSCI France ETF by 54.9% during the 1st quarter. Comerica Bank now owns 1,182 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 419 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of iShares MSCI France ETF by 106.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 949 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 489 shares during the period. Raymond James Financial Inc. bought a new position in shares of iShares MSCI France ETF during the 2nd quarter worth about $30,000. Finally, Cobblestone Asset Management LLC increased its holdings in shares of iShares MSCI France ETF by 6.6% during the 1st quarter. Cobblestone Asset Management LLC now owns 16,012 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 986 shares during the period. Institutional investors own 73.46% of the company’s stock.

About iShares MSCI France ETF

iShares MSCI France ETF, formerly iShares MSCI France Index 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 French market, as measured by the MSCI France Index (the Index). The Index seeks to measure the performance of the French equity market. The Index consists of stocks traded primarily on the Paris Stock Exchange. The Fund invests in sectors, such as industrials, financials, energy, consumer discretionary, consumer staples, healthcare, materials, telecommunication services, utilities and information technology.