iShares MSCI Austria ETF (NYSEARCA:EWO) Sees Significant Increase in Short Interest

iShares MSCI Austria ETF (NYSEARCA:EWO) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 104,214 shares, a growth of 143.0% from the October 15th total of 42,890 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 27,223 shares, the short-interest ratio is presently 3.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Arrow Investment Advisors LLC purchased a new stake in iShares MSCI Austria ETF in the third quarter worth approximately $640,000. Dorsey Wright & Associates bought a new stake in iShares MSCI Austria ETF in the 1st quarter worth approximately $586,000. Avior Wealth Management LLC bought a new stake in iShares MSCI Austria ETF in the 3rd quarter worth approximately $983,000. Kestra Advisory Services LLC bought a new stake in iShares MSCI Austria ETF in the 3rd quarter worth approximately $212,000. Finally, Cibc World Market Inc. purchased a new stake in iShares MSCI Austria ETF during the 3rd quarter valued at $15,555,000.

iShares MSCI Austria ETF Stock Down 0.5%

Shares of NYSEARCA EWO traded down $0.21 during trading on Friday, reaching $40.72. 14,677 shares of the company traded hands, compared to its average volume of 50,239. The firm has a 50 day simple moving average of $41.62 and a 200-day simple moving average of $40.37. The stock has a market capitalization of $171.02 million, a PE ratio of 12.42 and a beta of 0.85. iShares MSCI Austria ETF has a 52-week low of $30.61 and a 52-week high of $44.98.

About iShares MSCI Austria ETF

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