Short Interest in iShares MSCI Sweden ETF (NYSEARCA:EWD) Decreases By 59.0%

iShares MSCI Sweden ETF (NYSEARCA:EWDGet Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 85,824 shares, a decline of 59.0% from the July 15th total of 209,581 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 174,599 shares, the days-to-cover ratio is presently 0.5 days.

iShares MSCI Sweden ETF Stock Performance

Shares of iShares MSCI Sweden ETF stock opened at $52.90 on Monday. The firm has a market capitalization of $587.19 million, a price-to-earnings ratio of 20.15 and a beta of 1.08. iShares MSCI Sweden ETF has a fifty-two week low of $45.34 and a fifty-two week high of $54.93. The stock has a 50 day moving average of $50.92 and a 200 day moving average of $51.45.

Hedge Funds Weigh In On iShares MSCI Sweden ETF

A number of hedge funds have recently modified their holdings of EWD. Contravisory Investment Management Inc. raised its holdings in iShares MSCI Sweden ETF by 2.9% in the 2nd quarter. Contravisory Investment Management Inc. now owns 23,430 shares of the company’s stock valued at $1,171,000 after buying an additional 666 shares during the period. Avior Wealth Management LLC purchased a new stake in shares of iShares MSCI Sweden ETF in the 2nd quarter valued at approximately $257,000. Bank of America Corp DE raised its stake in shares of iShares MSCI Sweden ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 802,185 shares of the company’s stock valued at $39,082,000 after acquiring an additional 21,649 shares during the period. Empowered Funds LLC acquired a new position in shares of iShares MSCI Sweden ETF in the 1st quarter worth approximately $1,447,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of iShares MSCI Sweden ETF by 14.2% during the first quarter. PNC Financial Services Group Inc. now owns 16,408 shares of the company’s stock worth $799,000 after buying an additional 2,039 shares during the period. 49.63% of the stock is currently owned by hedge funds and other institutional investors.

About iShares MSCI Sweden ETF

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