iShares MSCI Singapore ETF (NYSEARCA:EWS) Sees Significant Increase in Short Interest

iShares MSCI Singapore ETF (NYSEARCA:EWS) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,300,318 shares, a growth of 459.4% from the May 14th total of 411,218 shares. Based on an average trading volume of 779,757 shares, the short-interest ratio is presently 3.0 days. Approximately 8.2% of the company’s stock are sold short.

iShares MSCI Singapore ETF Stock Down 1.2%

NYSEARCA:EWS traded down $0.34 during trading hours on Wednesday, reaching $28.53. The company had a trading volume of 765,137 shares, compared to its average volume of 954,608. The firm has a market cap of $798.84 million, a price-to-earnings ratio of 15.28 and a beta of 0.56. The business’s 50-day simple moving average is $29.00 and its two-hundred day simple moving average is $28.38. iShares MSCI Singapore ETF has a twelve month low of $24.84 and a twelve month high of $30.01.

Institutional Investors Weigh In On iShares MSCI Singapore ETF

Large investors have recently bought and sold shares of the stock. Intesa Sanpaolo Wealth Management acquired a new stake in iShares MSCI Singapore ETF in the fourth quarter worth $28,000. Fifth Third Bancorp acquired a new stake in iShares MSCI Singapore ETF in the first quarter worth $29,000. Purpose Unlimited Inc. acquired a new stake in iShares MSCI Singapore ETF in the fourth quarter worth $35,000. Harbour Investments Inc. acquired a new stake in iShares MSCI Singapore ETF in the fourth quarter worth $50,000. Finally, Kestra Advisory Services LLC acquired a new stake in iShares MSCI Singapore ETF in the fourth quarter worth $109,000. 52.30% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).