iShares MSCI Spain ETF (NYSEARCA:EWP) Shares Shorted: Short Interest Up 268.7% in September

iShares MSCI Spain ETF (NYSEARCA:EWP) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 743,878 shares, a growth of 268.7% from the September 15th total of 201,737 shares. Based on an average daily volume of 374,695 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.8% of the shares of the stock are sold short.

Institutional Trading of iShares MSCI Spain ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of iShares MSCI Spain ETF during the first quarter worth about $41,000. Farther Finance Advisors LLC lifted its stake in shares of iShares MSCI Spain ETF by 156.1% in the third quarter. Farther Finance Advisors LLC now owns 986 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 601 shares during the period. Boreal Capital Management LLC boosted its holdings in iShares MSCI Spain ETF by 21.6% in the first quarter. Boreal Capital Management LLC now owns 3,153 shares of the exchange traded fund’s stock valued at $171,000 after acquiring an additional 560 shares during the last quarter. Boltwood Capital Management bought a new stake in iShares MSCI Spain ETF in the third quarter valued at approximately $211,000. Finally, Wealthfront Advisers LLC boosted its holdings in iShares MSCI Spain ETF by 7.2% in the first quarter. Wealthfront Advisers LLC now owns 5,298 shares of the exchange traded fund’s stock valued at $288,000 after acquiring an additional 357 shares during the last quarter. 38.17% of the stock is currently owned by institutional investors.

iShares MSCI Spain ETF Price Performance

Shares of EWP stock remained flat at $57.90 during trading hours on Friday. The company’s stock had a trading volume of 6,448,249 shares, compared to its average volume of 527,915. iShares MSCI Spain ETF has a 52-week low of $48.28 and a 52-week high of $63.44. The firm has a market capitalization of $2.30 billion, a P/E ratio of 10.89 and a beta of 0.67. The company’s fifty day moving average is $61.39 and its 200 day moving average is $58.86.

About iShares MSCI Spain ETF

iShares MSCI Spain Capped ETF, formerly iShares MSCI Spain Index 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 Spanish market, as measured by the MSCI Spain Index (the Index). The Index seeks to measure the performance of the Spanish equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.