iShares MSCI Netherlands ETF (NYSEARCA:EWN) Sees Large Drop in Short Interest

iShares MSCI Netherlands ETF (NYSEARCA:EWN) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 35,510 shares, a decrease of 86.3% from the August 15th total of 260,031 shares. Based on an average daily volume of 246,834 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

iShares MSCI Netherlands ETF Trading Up 0.6%

Shares of NYSEARCA:EWN traded up $0.39 on Friday, hitting $67.92. 31,971 shares of the company were exchanged, compared to its average volume of 185,123. The firm has a market capitalization of $624.87 million, a P/E ratio of 19.71 and a beta of 1.13. iShares MSCI Netherlands ETF has a 1-year low of $54.39 and a 1-year high of $71.85. The stock’s 50 day moving average price is $68.32 and its 200 day moving average price is $65.28.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in iShares MSCI Netherlands ETF in the 4th quarter worth approximately $33,000. AlphaCentric Advisors LLC purchased a new stake in shares of iShares MSCI Netherlands ETF in the 4th quarter valued at $128,000. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Netherlands ETF in the 2nd quarter valued at $143,000. Arax Advisory Partners acquired a new stake in shares of iShares MSCI Netherlands ETF in the fourth quarter worth $222,000. Finally, Integrated Wealth Concepts LLC increased its stake in shares of iShares MSCI Netherlands ETF by 19.2% in the third quarter. Integrated Wealth Concepts LLC now owns 4,414 shares of the exchange traded fund’s stock worth $256,000 after acquiring an additional 711 shares during the period.

About iShares MSCI Netherlands ETF

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.