iShares MSCI Switzerland ETF (NYSEARCA:EWL) Stock Short Interest Declines 37.3%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 480,834 shares, a decrease of 37.3% from the September 15th total of 767,083 shares. Based on an average daily volume of 484,517 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of iShares MSCI Switzerland ETF by 6.2% during the first quarter. Bank of America Corp DE now owns 2,107,897 shares of the exchange traded fund’s stock valued at $123,965,000 after acquiring an additional 122,272 shares during the period. 1607 Capital Partners LLC lifted its position in iShares MSCI Switzerland ETF by 135.7% during the 4th quarter. 1607 Capital Partners LLC now owns 1,494,082 shares of the exchange traded fund’s stock valued at $89,585,000 after purchasing an additional 860,283 shares during the period. Millburn Ridgefield LLC DE boosted its stake in shares of iShares MSCI Switzerland ETF by 8.0% in the 1st quarter. Millburn Ridgefield LLC DE now owns 541,025 shares of the exchange traded fund’s stock valued at $31,818,000 after purchasing an additional 40,070 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of iShares MSCI Switzerland ETF by 8.0% during the first quarter. Catalyst Capital Advisors LLC now owns 541,025 shares of the exchange traded fund’s stock worth $31,818,000 after buying an additional 40,070 shares during the last quarter. Finally, Lido Advisors LLC lifted its holdings in iShares MSCI Switzerland ETF by 156.4% in the first quarter. Lido Advisors LLC now owns 293,507 shares of the exchange traded fund’s stock valued at $17,261,000 after buying an additional 179,023 shares during the period. Institutional investors own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Price Performance

EWL stock opened at $62.00 on Friday. The company has a 50 day moving average price of $61.68 and a 200 day moving average price of $61.83. iShares MSCI Switzerland ETF has a fifty-two week low of $54.81 and a fifty-two week high of $65.53. The stock has a market capitalization of $2.88 billion, a PE ratio of 21.82 and a beta of 0.75.

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.