iShares MSCI Belgium ETF (NYSEARCA:EWK) Shares Shorted: Short Interest Up 102.4% in September

iShares MSCI Belgium ETF (NYSEARCA:EWK) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 146,032 shares, an increase of 102.4% from the September 15th total of 72,165 shares. Based on an average daily volume of 71,076 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares MSCI Belgium ETF stock. Moran Wealth Management LLC increased its holdings in shares of iShares MSCI Belgium ETF (NYSEARCA:EWK) by 18.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,921 shares of the company’s stock after purchasing an additional 53,415 shares during the period. Moran Wealth Management LLC owned approximately 7.79% of iShares MSCI Belgium ETF worth $8,337,000 at the end of the most recent quarter.

iShares MSCI Belgium ETF Price Performance

NYSEARCA EWK traded up $0.39 during mid-day trading on Thursday, reaching $25.66. 7,319 shares of the stock were exchanged, compared to its average volume of 43,697. The stock has a market cap of $238.16 million, a P/E ratio of 18.50 and a beta of 0.68. iShares MSCI Belgium ETF has a one year low of $23.22 and a one year high of $27.96. The stock has a 50 day simple moving average of $26.72 and a 200-day simple moving average of $26.49.

About iShares MSCI Belgium ETF

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.