Short Interest in iShares MSCI Netherlands ETF (NYSEARCA:EWN) Expands By 1,289.7%

iShares MSCI Netherlands ETF (NYSEARCA:EWN) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,497,596 shares, a growth of 1,289.7% from the May 14th total of 107,765 shares. Based on an average daily volume of 188,449 shares, the days-to-cover ratio is currently 7.9 days. Approximately 20.0% of the shares of the company are sold short.

iShares MSCI Netherlands ETF Price Performance

iShares MSCI Netherlands ETF stock traded up $0.83 during mid-day trading on Tuesday, hitting $67.47. 143,825 shares of the company’s stock traded hands, compared to its average volume of 158,184. The firm has a 50 day simple moving average of $63.80 and a two-hundred day simple moving average of $61.16. iShares MSCI Netherlands ETF has a fifty-two week low of $50.56 and a fifty-two week high of $68.62. The stock has a market cap of $506.03 million, a price-to-earnings ratio of 19.71 and a beta of 1.14.

Institutional Investors Weigh In On iShares MSCI Netherlands ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Trek Financial LLC acquired a new stake in shares of iShares MSCI Netherlands ETF during the fourth quarter worth $705,000. Idaho Trust Co lifted its holdings in shares of iShares MSCI Netherlands ETF by 90.2% during the fourth quarter. Idaho Trust Co now owns 23,731 shares of the exchange traded fund’s stock worth $1,353,000 after buying an additional 11,255 shares in the last quarter. Vertex Investment Solutions Co. Ltd. acquired a new stake in shares of iShares MSCI Netherlands ETF during the fourth quarter worth $1,049,000. Meeder Asset Management Inc. acquired a new stake in shares of iShares MSCI Netherlands ETF during the first quarter worth $481,000. Finally, Outlook Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Netherlands ETF during the first quarter worth $305,000.

iShares MSCI Netherlands ETF Company Profile

iShares MSCI Netherlands ETF, formerly iShares MSCI Netherlands Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Netherlands Investable Market Index (the Index). The Index consists of stocks traded primarily on the Amsterdam Stock Exchange. Components primarily include consumer staples, financial and industrials companies. The Fund invests in a particular segment of the securities markets and seeks to track the performance of a securities index that generally is not representative of the market as a whole.