iShares MSCI Australia ETF (NYSEARCA:EWA) Sees Significant Drop in Short Interest

iShares MSCI Australia ETF (NYSEARCA:EWA) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,662,933 shares, a decrease of 42.0% from the May 14th total of 6,310,865 shares. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,988,856 shares, the short-interest ratio is presently 1.8 days.

Institutional Investors Weigh In On iShares MSCI Australia ETF

Hedge funds have recently modified their holdings of the business. Johnson Financial Group Inc. acquired a new stake in shares of iShares MSCI Australia ETF in the third quarter valued at about $32,000. Tower Research Capital LLC TRC raised its position in shares of iShares MSCI Australia ETF by 10,333.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 1,550 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of iShares MSCI Australia ETF in the first quarter valued at about $42,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares MSCI Australia ETF in the fourth quarter valued at about $47,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Australia ETF in the fourth quarter valued at about $72,000. 59.69% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Australia ETF Stock Performance

Shares of NYSEARCA EWA traded up $0.38 during mid-day trading on Tuesday, reaching $28.98. The company’s stock had a trading volume of 1,409,003 shares, compared to its average volume of 4,441,469. The stock has a 50-day moving average of $29.16 and a two-hundred day moving average of $28.11. The stock has a market capitalization of $1.34 billion, a P/E ratio of 19.89 and a beta of 0.96. iShares MSCI Australia ETF has a 1-year low of $24.94 and a 1-year high of $30.48.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.