iShares MSCI Spain ETF (NYSEARCA:EWP) Sees Significant Growth in Short Interest

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,054,098 shares, an increase of 106.6% from the July 30th total of 510,261 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily volume of 366,909 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On iShares MSCI Spain ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EWP. Zacks Investment Management boosted its holdings in shares of iShares MSCI Spain ETF by 0.5% during the 3rd quarter. Zacks Investment Management now owns 54,858 shares of the exchange traded fund’s stock valued at $2,716,000 after acquiring an additional 272 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in iShares MSCI Spain ETF by 7.2% in the first quarter. Wealthfront Advisers LLC now owns 5,298 shares of the exchange traded fund’s stock valued at $288,000 after purchasing an additional 357 shares during the period. Comerica Bank increased its holdings in iShares MSCI Spain ETF by 303.9% in the fourth quarter. Comerica Bank now owns 521 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 392 shares during the period. BOKF NA bought a new position in iShares MSCI Spain ETF during the 3rd quarter worth $25,000. Finally, Global Assets Advisory LLC raised its position in iShares MSCI Spain ETF by 6.6% during the 4th quarter. Global Assets Advisory LLC now owns 8,526 shares of the exchange traded fund’s stock worth $460,000 after purchasing an additional 530 shares during the last quarter. 38.17% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Spain ETF Stock Down 0.1%

Shares of EWP traded down $0.06 during midday trading on Friday, reaching $62.35. 451,763 shares of the stock were exchanged, compared to its average volume of 502,383. iShares MSCI Spain ETF has a twelve month low of $46.56 and a twelve month high of $63.44. The company has a market cap of $2.16 billion, a P/E ratio of 10.89 and a beta of 0.67. The stock’s 50 day simple moving average is $60.72 and its 200 day simple moving average is $57.73.

About iShares MSCI Spain ETF

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index 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 Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.