Short Interest in iShares MSCI Spain ETF (NYSEARCA:EWP) Rises By 172.2%

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 575,298 shares, an increase of 172.2% from the June 30th total of 211,313 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 539,861 shares, the short-interest ratio is presently 1.1 days.

iShares MSCI Spain ETF Price Performance

EWP traded down $0.22 during trading on Tuesday, hitting $60.47. The stock had a trading volume of 200,019 shares, compared to its average volume of 529,403. The company has a 50 day moving average price of $58.58 and a 200-day moving average price of $56.63. iShares MSCI Spain ETF has a one year low of $44.19 and a one year high of $60.87. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 10.89 and a beta of 0.67.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC increased its position in iShares MSCI Spain ETF by 1.7% during the fourth quarter. Hsbc Holdings PLC now owns 4,837,546 shares of the exchange traded fund’s stock worth $260,792,000 after acquiring an additional 82,833 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of iShares MSCI Spain ETF during the fourth quarter worth approximately $101,057,000. Bank of Montreal Can acquired a new stake in shares of iShares MSCI Spain ETF in the fourth quarter valued at approximately $43,669,000. Schroder Investment Management Group boosted its stake in shares of iShares MSCI Spain ETF by 3,000.0% in the fourth quarter. Schroder Investment Management Group now owns 527,000 shares of the exchange traded fund’s stock valued at $28,516,000 after buying an additional 510,000 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in iShares MSCI Spain ETF during the fourth quarter worth approximately $25,370,000. 38.17% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Spain ETF Company Profile

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.