iShares MSCI Austria ETF (NYSEARCA:EWO) Stock Short Interest Jumps 67.5%

iShares MSCI Austria ETF (NYSEARCA:EWO) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 42,890 shares, a growth of 67.5% from the September 30th total of 25,612 shares. Based on an average trading volume of 42,308 shares, the short-interest ratio is currently 1.0 days. Currently, 1.0% of the shares of the stock are short sold.

iShares MSCI Austria ETF Price Performance

Shares of EWO opened at $39.54 on Monday. iShares MSCI Austria ETF has a 1 year low of $30.61 and a 1 year high of $44.98. The company has a 50 day simple moving average of $42.32 and a two-hundred day simple moving average of $40.18. The firm has a market cap of $172.00 million, a P/E ratio of 11.04 and a beta of 0.82.

Hedge Funds Weigh In On iShares MSCI Austria ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dorsey Wright & Associates bought a new stake in shares of iShares MSCI Austria ETF in the first quarter worth about $586,000. Avior Wealth Management LLC purchased a new position in iShares MSCI Austria ETF during the 2nd quarter valued at approximately $777,000. IFP Advisors Inc grew its holdings in iShares MSCI Austria ETF by 2,842.7% during the 3rd quarter. IFP Advisors Inc now owns 12,271 shares of the company’s stock valued at $522,000 after buying an additional 11,854 shares in the last quarter. BFI Infinity Ltd. bought a new stake in iShares MSCI Austria ETF in the 3rd quarter worth approximately $458,000. Finally, Trust Co. of Oklahoma bought a new position in iShares MSCI Austria ETF during the third quarter valued at $401,000.

About iShares MSCI Austria ETF

iShares MSCI Austria Capped ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the MSCI Austria IMI 25/50 Index (the Underlying Index). The Underlying Index consists of stocks traded on the Vienna 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.