Short Interest in iShares MSCI Malaysia ETF (NYSEARCA:EWM) Declines By 54.4%

iShares MSCI Malaysia ETF (NYSEARCA:EWM) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 235,510 shares, a drop of 54.4% from the February 26th total of 516,376 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 618,656 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EWM. Jessup Wealth Management Inc acquired a new stake in iShares MSCI Malaysia ETF in the 4th quarter valued at approximately $72,000. BOCHK Asset Management Ltd raised its stake in iShares MSCI Malaysia ETF by 250.0% during the 4th quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock valued at $77,000 after acquiring an additional 2,000 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iShares MSCI Malaysia ETF during the 2nd quarter worth $84,000. AlphaCentric Advisors LLC acquired a new position in iShares MSCI Malaysia ETF during the 4th quarter worth $152,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares MSCI Malaysia ETF in the fourth quarter worth $161,000. 86.75% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Malaysia ETF Trading Up 0.5%

iShares MSCI Malaysia ETF stock traded up $0.15 during midday trading on Friday, reaching $28.43. 268,911 shares of the stock traded hands, compared to its average volume of 509,009. iShares MSCI Malaysia ETF has a fifty-two week low of $20.80 and a fifty-two week high of $30.14. The firm has a market cap of $349.69 million, a price-to-earnings ratio of 14.29 and a beta of 0.55. The firm has a fifty day moving average price of $29.18 and a two-hundred day moving average price of $27.39.

About iShares MSCI Malaysia ETF

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