Short Interest in iShares MSCI Belgium ETF (NYSEARCA:EWK) Grows By 2,597.6%

iShares MSCI Belgium ETF (NYSEARCA:EWK) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,432,337 shares, an increase of 2,597.6% from the May 14th total of 53,096 shares. Based on an average daily trading volume, of 63,600 shares, the days-to-cover ratio is currently 22.5 days. Approximately 32.6% of the company’s stock are sold short.

iShares MSCI Belgium ETF Price Performance

EWK traded up $0.41 during trading on Tuesday, reaching $26.98. The company had a trading volume of 21,284 shares, compared to its average volume of 46,114. iShares MSCI Belgium ETF has a 12 month low of $21.50 and a 12 month high of $27.63. The business’s fifty day moving average price is $26.08 and its 200 day moving average price is $25.45. The company has a market cap of $118.71 million, a P/E ratio of 18.50 and a beta of 0.68.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Moran Wealth Management LLC lifted its stake in iShares MSCI Belgium ETF by 18.5% in the first quarter. Moran Wealth Management LLC now owns 342,921 shares of the company’s stock valued at $8,337,000 after buying an additional 53,415 shares in the last quarter. OLD Mission Capital LLC lifted its stake in iShares MSCI Belgium ETF by 2,710.8% in the fourth quarter. OLD Mission Capital LLC now owns 253,534 shares of the company’s stock valued at $6,161,000 after buying an additional 244,514 shares in the last quarter. Hilltop Holdings Inc. bought a new position in iShares MSCI Belgium ETF in the fourth quarter valued at approximately $2,529,000. Jane Street Group LLC lifted its position in shares of iShares MSCI Belgium ETF by 157.9% in the second quarter. Jane Street Group LLC now owns 91,296 shares of the company’s stock worth $2,013,000 after purchasing an additional 55,890 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of iShares MSCI Belgium ETF in the second quarter worth $1,502,000.

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.