iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Short Interest Down 65.6% in June

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 2,963,684 shares, a decline of 65.6% from the May 31st total of 8,612,256 shares. Based on an average daily trading volume, of 3,410,077 shares, the short-interest ratio is currently 0.9 days. Approximately 7.5% of the company’s stock are sold short.

iShares MSCI Hong Kong ETF Trading Down 0.1%

EWH traded down $0.02 during midday trading on Monday, reaching $21.07. The company’s stock had a trading volume of 2,216,937 shares, compared to its average volume of 4,531,477. The stock’s 50-day moving average is $22.87 and its 200-day moving average is $22.85. iShares MSCI Hong Kong ETF has a 1 year low of $19.77 and a 1 year high of $24.66. The firm has a market capitalization of $828.05 million, a price-to-earnings ratio of 14.69 and a beta of 0.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares MSCI Hong Kong ETF by 381,086.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 583,216 shares of the exchange traded fund’s stock valued at $12,393,000 after purchasing an additional 583,063 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of iShares MSCI Hong Kong ETF by 10.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,873,507 shares of the exchange traded fund’s stock valued at $61,062,000 after purchasing an additional 265,013 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of iShares MSCI Hong Kong ETF during the 3rd quarter valued at $5,510,000. BNP Paribas Financial Markets lifted its holdings in iShares MSCI Hong Kong ETF by 449.3% in the fourth quarter. BNP Paribas Financial Markets now owns 254,004 shares of the exchange traded fund’s stock valued at $5,398,000 after acquiring an additional 207,766 shares during the period. Finally, HRT Financial LP bought a new position in shares of iShares MSCI Hong Kong ETF in the 2nd quarter worth approximately $3,573,000. Institutional investors own 50.59% of the company’s stock.

iShares MSCI Hong Kong ETF Company Profile

iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (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 Hong Kong market, as measured by the MSCI Hong Kong Index (the Index). The Index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.