Short Interest in iShares MSCI Australia ETF (NYSEARCA:EWA) Rises By 148.8%

iShares MSCI Australia ETF (NYSEARCA:EWA) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 3,045,951 shares, an increase of 148.8% from the December 15th total of 1,224,395 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average daily volume of 4,425,696 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 4,425,696 shares, the days-to-cover ratio is presently 0.7 days. Currently, 6.1% of the shares of the company are sold short.

iShares MSCI Australia ETF Stock Performance

Shares of EWA opened at $26.41 on Wednesday. iShares MSCI Australia ETF has a 52-week low of $20.50 and a 52-week high of $27.57. The stock’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $26.56. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 19.89 and a beta of 1.04.

Institutional Trading of iShares MSCI Australia ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new position in iShares MSCI Australia ETF in the 3rd quarter valued at $32,000. Tower Research Capital LLC TRC grew its position in iShares MSCI Australia ETF by 10,333.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 1,550 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of iShares MSCI Australia ETF in the 1st quarter valued at about $42,000. Simplex Trading LLC bought a new stake in shares of iShares MSCI Australia ETF during the 2nd quarter valued at about $71,000. Finally, Fifth Third Bancorp purchased a new position in shares of iShares MSCI Australia ETF during the third quarter worth about $75,000. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.