iShares MSCI Singapore ETF (NYSEARCA:EWS) Short Interest Up 459.4% in May

iShares MSCI Singapore ETF (NYSEARCA:EWS) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,300,318 shares, an increase of 459.4% from the May 14th total of 411,218 shares. Based on an average daily trading volume, of 779,757 shares, the days-to-cover ratio is presently 3.0 days. Currently, 8.2% of the company’s stock are short sold.

iShares MSCI Singapore ETF Stock Performance

iShares MSCI Singapore ETF stock traded up $0.02 during midday trading on Friday, reaching $29.15. The stock had a trading volume of 637,206 shares, compared to its average volume of 950,040. The firm’s fifty day simple moving average is $29.04 and its 200-day simple moving average is $28.40. iShares MSCI Singapore ETF has a 1-year low of $24.84 and a 1-year high of $30.01. The stock has a market capitalization of $816.20 million, a P/E ratio of 15.28 and a beta of 0.56.

Institutional Investors Weigh In On iShares MSCI Singapore ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EWS. Bleakley Financial Group LLC grew its stake in iShares MSCI Singapore ETF by 37.7% in the third quarter. Bleakley Financial Group LLC now owns 78,305 shares of the company’s stock valued at $2,219,000 after purchasing an additional 21,428 shares in the last quarter. Sun Life Financial Inc. grew its stake in iShares MSCI Singapore ETF by 20.9% in the third quarter. Sun Life Financial Inc. now owns 1,462,159 shares of the company’s stock valued at $41,438,000 after purchasing an additional 252,559 shares in the last quarter. Pekin Hardy Strauss Inc. grew its stake in iShares MSCI Singapore ETF by 267.2% in the third quarter. Pekin Hardy Strauss Inc. now owns 49,365 shares of the company’s stock valued at $1,399,000 after purchasing an additional 35,920 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares MSCI Singapore ETF by 213,957.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 209,776 shares of the company’s stock worth $5,771,000 after acquiring an additional 209,678 shares during the period. Finally, Vertex Investment Solutions Co. Ltd. bought a new position in shares of iShares MSCI Singapore ETF during the 4th quarter worth approximately $992,000. Institutional investors and hedge funds own 52.30% of the company’s stock.

About iShares MSCI Singapore ETF

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).