Short Interest in iShares MSCI Switzerland ETF (NYSEARCA:EWL) Decreases By 71.8%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 736,934 shares, a decline of 71.8% from the May 31st total of 2,614,927 shares. Approximately 2.9% of the company’s shares are sold short. Based on an average daily trading volume, of 489,334 shares, the days-to-cover ratio is presently 1.5 days.

iShares MSCI Switzerland ETF Price Performance

EWL traded up $0.85 during trading hours on Monday, reaching $63.25. The company’s stock had a trading volume of 253,913 shares, compared to its average volume of 652,348. iShares MSCI Switzerland ETF has a fifty-two week low of $51.83 and a fifty-two week high of $65.53. The stock has a market cap of $1.62 billion, a PE ratio of 21.82 and a beta of 0.77. The business’s 50-day moving average is $61.81 and its 200-day moving average is $61.14.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWL. Bank of America Corp DE grew its holdings in shares of iShares MSCI Switzerland ETF by 6.2% during the 1st quarter. Bank of America Corp DE now owns 2,107,897 shares of the exchange traded fund’s stock worth $123,965,000 after purchasing an additional 122,272 shares during the period. 1607 Capital Partners LLC raised its holdings in iShares MSCI Switzerland ETF by 135.7% in the 4th quarter. 1607 Capital Partners LLC now owns 1,494,082 shares of the exchange traded fund’s stock valued at $89,585,000 after buying an additional 860,283 shares during the period. Morgan Stanley lifted its position in iShares MSCI Switzerland ETF by 6.8% in the fourth quarter. Morgan Stanley now owns 999,835 shares of the exchange traded fund’s stock valued at $59,950,000 after buying an additional 63,355 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares MSCI Switzerland ETF by 142.2% during the third quarter. JPMorgan Chase & Co. now owns 725,576 shares of the exchange traded fund’s stock worth $40,081,000 after buying an additional 425,970 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in iShares MSCI Switzerland ETF by 1.0% during the fourth quarter. Vontobel Holding Ltd. now owns 674,489 shares of the exchange traded fund’s stock worth $40,442,000 after buying an additional 6,848 shares during the period. Hedge funds and other institutional investors own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The Index is a free-float adjusted market capitalization weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.