iShares MSCI Spain ETF (NYSEARCA:EWP) Shares Shorted: Short Interest Up 268.7% in September

iShares MSCI Spain ETF (NYSEARCA:EWP) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 743,878 shares, an increase of 268.7% from the September 15th total of 201,737 shares. Based on an average daily trading volume, of 374,695 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.8% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares MSCI Spain ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Monument Capital Management purchased a new stake in iShares MSCI Spain ETF in the third quarter worth $4,780,000. Farther Finance Advisors LLC raised its holdings in iShares MSCI Spain ETF by 156.1% in the third quarter. Farther Finance Advisors LLC now owns 986 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 601 shares during the last quarter. Boltwood Capital Management purchased a new position in iShares MSCI Spain ETF in the 3rd quarter worth approximately $211,000. Whitcomb & Hess Inc. raised its stake in shares of iShares MSCI Spain ETF by 2.0% in the second quarter. Whitcomb & Hess Inc. now owns 221,169 shares of the exchange traded fund’s stock worth $13,135,000 after purchasing an additional 4,408 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in iShares MSCI Spain ETF during the 1st quarter valued at about $534,000. Hedge funds and other institutional investors own 38.17% of the company’s stock.

iShares MSCI Spain ETF Price Performance

EWP traded up $0.16 during trading on Monday, hitting $58.06. 103,539 shares of the stock traded hands, compared to its average volume of 525,730. The firm has a 50-day moving average of $61.39 and a 200 day moving average of $58.90. The firm has a market capitalization of $2.31 billion, a P/E ratio of 10.89 and a beta of 0.67. iShares MSCI Spain ETF has a 12-month low of $48.45 and a 12-month high of $63.44.

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.