Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Declines By 37.6%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 302,500 shares, a drop of 37.6% from the September 30th total of 485,100 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 412,700 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 412,700 shares, the short-interest ratio is currently 0.7 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

A number of large investors have recently bought and sold shares of the company. Tiemann Investment Advisors LLC purchased a new position in shares of iShares MSCI Switzerland ETF in the 1st quarter worth about $206,000. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI Switzerland ETF by 4.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,695 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 341 shares during the last quarter. Polianta Ltd bought a new stake in shares of iShares MSCI Switzerland ETF in the 2nd quarter worth approximately $12,852,000. MONECO Advisors LLC bought a new stake in shares of iShares MSCI Switzerland ETF in the 1st quarter worth approximately $1,615,000. Finally, Vontobel Holding Ltd. grew its holdings in shares of iShares MSCI Switzerland ETF by 8.3% in the second quarter. Vontobel Holding Ltd. now owns 705,831 shares of the exchange traded fund’s stock worth $38,687,000 after purchasing an additional 54,364 shares during the last quarter. 68.30% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Stock Down 0.4%

EWL traded down $0.24 during trading hours on Monday, hitting $55.12. 252,962 shares of the company’s stock were exchanged, compared to its average volume of 437,992. The stock’s 50-day moving average is $55.89 and its two-hundred day moving average is $54.86. iShares MSCI Switzerland ETF has a 1-year low of $45.56 and a 1-year high of $57.84. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 21.82 and a beta of 0.81.

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).