iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Down 66.5% in July

iShares MSCI Italy ETF (NYSEARCA:EWI) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 370,812 shares, a decline of 66.5% from the July 15th total of 1,106,933 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 421,310 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of iShares MSCI Italy ETF

Several institutional investors have recently bought and sold shares of the company. DV Equities LLC purchased a new position in iShares MSCI Italy ETF in the fourth quarter worth about $27,000. Biltmore Family Office LLC purchased a new stake in shares of iShares MSCI Italy ETF during the fourth quarter valued at approximately $28,000. Strategic Advocates LLC increased its position in shares of iShares MSCI Italy ETF by 94.9% during the fourth quarter. Strategic Advocates LLC now owns 690 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 336 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of iShares MSCI Italy ETF during the first quarter valued at approximately $39,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in iShares MSCI Italy ETF by 186.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 857 shares of the exchange traded fund’s stock worth $47,000 after acquiring an additional 558 shares during the last quarter. 37.96% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Italy ETF Stock Down 0.0%

Shares of NYSEARCA EWI traded down $0.02 during trading on Friday, reaching $63.27. The company had a trading volume of 419,517 shares, compared to its average volume of 479,120. iShares MSCI Italy ETF has a 12-month low of $50.05 and a 12-month high of $63.76. The business’s 50-day moving average is $60.65 and its 200 day moving average is $57.82. The stock has a market cap of $1.07 billion, a PE ratio of 12.30 and a beta of 0.87.

About iShares MSCI Italy ETF

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan Stock Exchange. The Underlying 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 Underlying Index weight and all issuers with weight above 5% do not exceed 50% of the Underlying Index weight.