iShares MSCI Austria ETF (NYSEARCA:EWO) Sees Significant Drop in Short Interest

iShares MSCI Austria ETF (NYSEARCA:EWO) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 74,212 shares, a decrease of 38.6% from the January 15th total of 120,921 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 67,687 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 67,687 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.9% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares MSCI Austria ETF

Hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in iShares MSCI Austria ETF in the 1st quarter worth approximately $30,000. Comerica Bank boosted its holdings in shares of iShares MSCI Austria ETF by 466.0% in the 1st quarter. Comerica Bank now owns 1,217 shares of the company’s stock valued at $31,000 after acquiring an additional 1,002 shares during the last quarter. Harbour Investments Inc. acquired a new stake in shares of iShares MSCI Austria ETF in the fourth quarter worth $46,000. AlphaCentric Advisors LLC acquired a new stake in shares of iShares MSCI Austria ETF in the fourth quarter worth $141,000. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of iShares MSCI Austria ETF during the fourth quarter worth $219,000.

iShares MSCI Austria ETF Stock Down 1.3%

Shares of iShares MSCI Austria ETF stock traded down $0.49 during trading on Friday, reaching $38.07. The company’s stock had a trading volume of 98,867 shares, compared to its average volume of 70,539. iShares MSCI Austria ETF has a 1-year low of $22.01 and a 1-year high of $39.40. The company has a 50-day simple moving average of $36.30 and a two-hundred day simple moving average of $33.05. The company has a market cap of $146.57 million, a price-to-earnings ratio of 11.04 and a beta of 0.93.

iShares MSCI Austria ETF Company Profile

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.