Short Interest in iShares MSCI Singapore ETF (NYSEARCA:EWS) Expands By 34.4%

iShares MSCI Singapore ETF (NYSEARCA:EWS) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 793,235 shares, an increase of 34.4% from the February 26th total of 590,328 shares. Approximately 2.9% of the company’s shares are sold short. Based on an average trading volume of 1,569,813 shares, the days-to-cover ratio is presently 0.5 days.

iShares MSCI Singapore ETF Trading Up 0.3%

Shares of iShares MSCI Singapore ETF stock opened at $27.65 on Tuesday. The company has a fifty day simple moving average of $28.21 and a 200-day simple moving average of $28.21. The stock has a market cap of $753.46 million, a price-to-earnings ratio of 15.28 and a beta of 0.69. iShares MSCI Singapore ETF has a 12-month low of $20.08 and a 12-month high of $29.65.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares MSCI Singapore ETF in the fourth quarter valued at approximately $28,000. Purpose Unlimited Inc. acquired a new position in iShares MSCI Singapore ETF during the fourth quarter worth $35,000. Harbour Investments Inc. acquired a new position in iShares MSCI Singapore ETF during the fourth quarter worth $50,000. Kestra Advisory Services LLC purchased a new position in iShares MSCI Singapore ETF in the fourth quarter worth $109,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of iShares MSCI Singapore ETF during the 3rd quarter worth $201,000. Hedge funds and other institutional investors own 52.30% of the company’s stock.

iShares MSCI Singapore ETF Company Profile

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).