iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Up 279.8% in January

iShares MSCI Australia ETF (NYSEARCA:EWA) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 5,181,553 shares, an increase of 279.8% from the January 15th total of 1,364,439 shares. Based on an average daily volume of 6,792,094 shares, the days-to-cover ratio is presently 0.8 days. Currently, 11.2% of the company’s stock are short sold. Currently, 11.2% of the company’s stock are short sold. Based on an average daily volume of 6,792,094 shares, the days-to-cover ratio is presently 0.8 days.

iShares MSCI Australia ETF Price Performance

EWA traded up $0.06 during trading on Friday, reaching $29.16. The company had a trading volume of 7,048,080 shares, compared to its average volume of 5,930,719. The company has a market cap of $1.35 billion, a P/E ratio of 19.89 and a beta of 1.04. iShares MSCI Australia ETF has a 12 month low of $20.50 and a 12 month high of $29.58. The business’s fifty day moving average price is $26.97 and its 200 day moving average price is $26.77.

Hedge Funds Weigh In On iShares MSCI Australia ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWA. Cadinha & Co. LLC acquired a new stake in shares of iShares MSCI Australia ETF in the 3rd quarter valued at about $25,349,000. Raymond James Financial Inc. grew its holdings in shares of iShares MSCI Australia ETF by 3,134.0% during the second quarter. Raymond James Financial Inc. now owns 778,558 shares of the exchange traded fund’s stock worth $20,492,000 after buying an additional 754,484 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in iShares MSCI Australia ETF in the 3rd quarter valued at approximately $14,811,000. Polianta Ltd bought a new stake in iShares MSCI Australia ETF in the 3rd quarter valued at approximately $13,332,000. Finally, Fisher Asset Management LLC boosted its position in iShares MSCI Australia ETF by 340.5% during the 3rd quarter. Fisher Asset Management LLC now owns 570,604 shares of the exchange traded fund’s stock worth $15,406,000 after acquiring an additional 441,077 shares during the last quarter. 59.69% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Australia ETF

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.