iShares MSCI Hong Kong ETF (NYSEARCA:EWH) Stock Short Interest Jumps 403.0%

iShares MSCI Hong Kong ETF (NYSEARCA:EWH) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 6,120,340 shares, an increase of 403.0% from the September 15th total of 1,216,808 shares. Based on an average trading volume of 2,844,738 shares, the short-interest ratio is currently 2.2 days. Currently, 11.5% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares MSCI Hong Kong ETF

A number of large investors have recently modified their holdings of EWH. Fifth Third Bancorp acquired a new stake in shares of iShares MSCI Hong Kong ETF during the 1st quarter worth about $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in iShares MSCI Hong Kong ETF in the first quarter valued at $115,000. Global Assets Advisory LLC acquired a new stake in iShares MSCI Hong Kong ETF during the 1st quarter worth approximately $133,000. Outlook Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Hong Kong ETF during the first quarter worth approximately $297,000. Finally, Upper Left Wealth Management LLC raised its position in iShares MSCI Hong Kong ETF by 6.3% during the 1st quarter. Upper Left Wealth Management LLC now owns 16,898 shares of the exchange traded fund’s stock worth $390,000 after buying an additional 1,002 shares during the last quarter. 50.59% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Hong Kong ETF Price Performance

Shares of NYSEARCA EWH traded up $0.34 during midday trading on Friday, hitting $22.06. The company’s stock had a trading volume of 3,729,642 shares, compared to its average volume of 3,897,873. iShares MSCI Hong Kong ETF has a 1 year low of $20.60 and a 1 year high of $24.66. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.69 and a beta of 0.37. The business’s fifty day simple moving average is $22.57 and its two-hundred day simple moving average is $22.65.

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.