iShares MSCI Italy ETF (NYSEARCA:EWI) Stock Short Interest Falls 68.1%

iShares MSCI Italy ETF (NYSEARCA:EWI) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 358,695 shares, a drop of 68.1% from the September 30th total of 1,125,116 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 741,053 shares, the short-interest ratio is currently 0.5 days.

iShares MSCI Italy ETF Stock Performance

EWI stock traded up $0.25 during midday trading on Thursday, reaching $56.39. 136,613 shares of the company traded hands, compared to its average volume of 448,111. iShares MSCI Italy ETF has a 52-week low of $50.48 and a 52-week high of $63.76. The business has a 50 day moving average of $59.32 and a 200-day moving average of $58.12. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 12.30 and a beta of 0.88.

Institutional Trading of iShares MSCI Italy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Knollwood Investment Advisory LLC bought a new position in iShares MSCI Italy ETF during the second quarter valued at $1,007,000. Arlington Capital Management Inc. boosted its stake in shares of iShares MSCI Italy ETF by 69.0% during the 1st quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock worth $5,464,000 after purchasing an additional 41,754 shares during the period. Moran Wealth Management LLC grew its holdings in iShares MSCI Italy ETF by 13.3% during the 1st quarter. Moran Wealth Management LLC now owns 176,338 shares of the exchange traded fund’s stock valued at $9,420,000 after purchasing an additional 20,764 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in iShares MSCI Italy ETF during the 3rd quarter valued at about $1,283,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in iShares MSCI Italy ETF in the 2nd quarter worth about $1,058,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped 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 Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.