iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Short Interest Down 49.7% in June

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 4,747,915 shares, a decrease of 49.7% from the May 31st total of 9,432,179 shares. Based on an average daily volume of 1,743,943 shares, the days-to-cover ratio is presently 2.7 days. Approximately 6.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares MSCI United Kingdom ETF

A number of large investors have recently bought and sold shares of EWU. Western Wealth Management LLC bought a new position in iShares MSCI United Kingdom ETF in the 1st quarter valued at $116,000. Empowered Funds LLC acquired a new stake in shares of iShares MSCI United Kingdom ETF in the first quarter valued at $1,053,000. Rathbones Group PLC increased its stake in shares of iShares MSCI United Kingdom ETF by 13.7% in the first quarter. Rathbones Group PLC now owns 398,087 shares of the company’s stock valued at $18,137,000 after buying an additional 48,083 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of iShares MSCI United Kingdom ETF by 13.4% in the first quarter. Arkadios Wealth Advisors now owns 11,058 shares of the company’s stock valued at $504,000 after buying an additional 1,308 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of iShares MSCI United Kingdom ETF by 117.2% in the first quarter. Royal Bank of Canada now owns 4,707,428 shares of the company’s stock valued at $214,472,000 after buying an additional 2,539,863 shares during the last quarter. 58.38% of the stock is currently owned by institutional investors.

iShares MSCI United Kingdom ETF Stock Down 0.1%

NYSEARCA:EWU traded down $0.04 on Tuesday, reaching $46.11. The stock had a trading volume of 66,368 shares, compared to its average volume of 1,915,371. The company has a market capitalization of $3.40 billion, a P/E ratio of 15.42 and a beta of 0.59. iShares MSCI United Kingdom ETF has a 1-year low of $39.23 and a 1-year high of $48.92. The stock has a fifty day moving average price of $46.59 and a 200-day moving average price of $46.07.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.