iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Large Growth in Short Interest

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,273,128 shares, an increase of 19.6% from the December 31st total of 3,571,526 shares. Approximately 5.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,331,032 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 2,331,032 shares, the days-to-cover ratio is currently 1.8 days. Approximately 5.8% of the shares of the stock are short sold.

iShares MSCI Canada ETF Trading Up 0.5%

Shares of NYSEARCA EWC traded up $0.29 during trading on Tuesday, reaching $54.84. The company had a trading volume of 2,196,403 shares, compared to its average volume of 2,999,841. iShares MSCI Canada ETF has a twelve month low of $36.70 and a twelve month high of $57.04. The stock has a 50-day moving average price of $54.14 and a two-hundred day moving average price of $51.00. The stock has a market capitalization of $4.02 billion, a PE ratio of 19.77 and a beta of 0.94.

Institutional Investors Weigh In On iShares MSCI Canada ETF

Several hedge funds have recently modified their holdings of EWC. Providence First Trust Co purchased a new stake in shares of iShares MSCI Canada ETF during the fourth quarter worth about $1,249,000. Robertson Stephens Wealth Management LLC grew its stake in iShares MSCI Canada ETF by 1.6% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 35,180 shares of the exchange traded fund’s stock worth $1,897,000 after acquiring an additional 553 shares during the period. Mutual Advisors LLC acquired a new position in iShares MSCI Canada ETF in the 4th quarter valued at $611,000. GenTrust LLC raised its holdings in iShares MSCI Canada ETF by 0.8% in the 4th quarter. GenTrust LLC now owns 391,088 shares of the exchange traded fund’s stock valued at $21,091,000 after acquiring an additional 3,059 shares during the last quarter. Finally, Activest Wealth Management purchased a new position in shares of iShares MSCI Canada ETF during the 4th quarter worth $241,000.

iShares MSCI Canada ETF Company Profile

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.