iShares MSCI Sweden ETF (NYSEARCA:EWD) Sees Significant Growth in Short Interest

iShares MSCI Sweden ETF (NYSEARCA:EWD) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 235,012 shares, a growth of 173.8% from the July 30th total of 85,824 shares. Based on an average daily trading volume, of 569,797 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.1% of the shares of the company are short sold.

iShares MSCI Sweden ETF Price Performance

EWD stock opened at $53.68 on Friday. The firm’s fifty day simple moving average is $51.44 and its 200-day simple moving average is $51.49. The company has a market capitalization of $595.85 million, a P/E ratio of 20.15 and a beta of 1.08. iShares MSCI Sweden ETF has a 12 month low of $45.34 and a 12 month high of $54.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in iShares MSCI Sweden ETF during the 4th quarter worth about $33,000. Jones Financial Companies Lllp lifted its holdings in shares of iShares MSCI Sweden ETF by 398.7% in the 1st quarter. Jones Financial Companies Lllp now owns 1,157 shares of the company’s stock valued at $49,000 after buying an additional 925 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of iShares MSCI Sweden ETF in the 4th quarter valued at about $129,000. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Sweden ETF in the 2nd quarter valued at about $122,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of iShares MSCI Sweden ETF in the fourth quarter worth about $134,000. 49.63% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Sweden ETF Company Profile

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