iShares MSCI Switzerland ETF (NYSEARCA:EWL) Stock Short Interest Drops 37.3%

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 480,834 shares, a drop of 37.3% from the September 15th total of 767,083 shares. Based on an average daily volume of 484,517 shares, the short-interest ratio is currently 1.0 days. Approximately 1.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Institutional investors have recently made changes to their positions in the stock. Bayban acquired a new stake in shares of iShares MSCI Switzerland ETF during the fourth quarter valued at $35,000. Howe & Rusling Inc. purchased a new stake in iShares MSCI Switzerland ETF during the 1st quarter worth about $39,000. International Assets Investment Management LLC raised its stake in iShares MSCI Switzerland ETF by 793.7% in the 1st quarter. International Assets Investment Management LLC now owns 1,126 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in iShares MSCI Switzerland ETF in the 3rd quarter valued at about $67,000. Finally, Parallel Advisors LLC raised its stake in iShares MSCI Switzerland ETF by 52.0% in the 1st quarter. Parallel Advisors LLC now owns 1,480 shares of the exchange traded fund’s stock valued at $87,000 after purchasing an additional 506 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Stock Up 0.4%

Shares of iShares MSCI Switzerland ETF stock traded up $0.25 during trading on Friday, hitting $62.25. 328,162 shares of the company were exchanged, compared to its average volume of 602,220. iShares MSCI Switzerland ETF has a fifty-two week low of $54.81 and a fifty-two week high of $65.53. The firm has a 50 day moving average price of $61.64 and a 200 day moving average price of $61.83. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 21.82 and a beta of 0.75.

About iShares MSCI Switzerland ETF

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.