iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Significant Growth in Short Interest

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 860,833 shares, a growth of 254.1% from the July 30th total of 243,108 shares. Based on an average daily volume of 698,140 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.5% of the shares of the company are short sold.

Institutional Trading of iShares MSCI Switzerland ETF

Institutional investors have recently made changes to their positions in the stock. Bayban acquired a new stake in shares of iShares MSCI Switzerland ETF in the fourth quarter valued at $35,000. Howe & Rusling Inc. bought a new stake in iShares MSCI Switzerland ETF in the first quarter valued at $39,000. Advisory Services Network LLC acquired a new stake in shares of iShares MSCI Switzerland ETF during the third quarter worth approximately $44,000. Harbour Investments Inc. raised its position in iShares MSCI Switzerland ETF by 359.2% in the 4th quarter. Harbour Investments Inc. now owns 822 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 643 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of iShares MSCI Switzerland ETF by 4,229.2% in the fourth quarter. Barclays PLC now owns 1,039 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 1,015 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Stock Down 0.8%

EWL stock opened at $64.19 on Thursday. The stock has a market cap of $2.22 billion, a PE ratio of 21.82 and a beta of 0.77. The firm’s 50-day simple moving average is $63.12 and its 200 day simple moving average is $62.00. iShares MSCI Switzerland ETF has a fifty-two week low of $53.70 and a fifty-two week high of $65.53.

About iShares MSCI Switzerland ETF

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.