Short Interest in iShares MSCI Canada ETF (NYSEARCA:EWC) Drops By 67.7%

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 2,639,099 shares, a decline of 67.7% from the May 31st total of 8,166,971 shares. Based on an average daily volume of 1,960,917 shares, the short-interest ratio is presently 1.3 days. Currently, 3.0% of the shares of the stock are sold short.

iShares MSCI Canada ETF Stock Up 0.3%

EWC traded up $0.18 during trading on Friday, reaching $57.80. The stock had a trading volume of 863,252 shares, compared to its average volume of 2,539,420. The stock has a 50 day moving average of $58.17 and a two-hundred day moving average of $56.31. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 19.77 and a beta of 0.85. iShares MSCI Canada ETF has a 1-year low of $45.33 and a 1-year high of $59.52.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in iShares MSCI Canada ETF by 52.4% in the first quarter. The Manufacturers Life Insurance Company now owns 4,841,833 shares of the exchange traded fund’s stock worth $265,284,000 after acquiring an additional 1,663,788 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares MSCI Canada ETF by 8.1% in the 1st quarter. Bank of America Corp DE now owns 2,081,714 shares of the exchange traded fund’s stock worth $114,057,000 after purchasing an additional 156,792 shares in the last quarter. Assetmark Inc. lifted its stake in iShares MSCI Canada ETF by 5.4% during the first quarter. Assetmark Inc. now owns 1,800,052 shares of the exchange traded fund’s stock valued at $98,625,000 after buying an additional 91,652 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of iShares MSCI Canada ETF by 5.7% in the fourth quarter. Korea Investment CORP now owns 1,757,957 shares of the exchange traded fund’s stock worth $94,807,000 after buying an additional 94,857 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of iShares MSCI Canada ETF by 1.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,534,679 shares of the exchange traded fund’s stock worth $62,538,000 after acquiring an additional 21,113 shares in the last quarter.

About iShares MSCI Canada ETF

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.