iShares MSCI Italy ETF (NYSEARCA:EWI) Short Interest Up 82.7% in May

iShares MSCI Italy ETF (NYSEARCA:EWI) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 949,737 shares, a growth of 82.7% from the May 14th total of 519,802 shares. Currently, 8.3% of the company’s shares are sold short. Based on an average daily trading volume, of 505,123 shares, the short-interest ratio is presently 1.9 days.

iShares MSCI Italy ETF Trading Down 1.1%

Shares of NYSEARCA:EWI traded down $0.65 during midday trading on Monday, hitting $60.02. The company had a trading volume of 111,406 shares, compared to its average volume of 467,429. iShares MSCI Italy ETF has a 12 month low of $45.79 and a 12 month high of $60.74. The stock has a market cap of $689.03 million, a price-to-earnings ratio of 12.30 and a beta of 0.87. The firm has a fifty day simple moving average of $58.10 and a 200 day simple moving average of $55.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in shares of iShares MSCI Italy ETF in the 1st quarter worth $233,000. CacheTech Inc. boosted its position in shares of iShares MSCI Italy ETF by 2.4% in the 1st quarter. CacheTech Inc. now owns 155,026 shares of the exchange traded fund’s stock worth $8,281,000 after purchasing an additional 3,668 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of iShares MSCI Italy ETF by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,536 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 1,107 shares during the last quarter. Global Assets Advisory LLC boosted its position in shares of iShares MSCI Italy ETF by 9.6% in the 1st quarter. Global Assets Advisory LLC now owns 8,990 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 785 shares during the last quarter. Finally, Arlington Capital Management Inc. boosted its position in shares of iShares MSCI Italy ETF by 69.0% in the 1st quarter. Arlington Capital Management Inc. now owns 102,278 shares of the exchange traded fund’s stock worth $5,464,000 after purchasing an additional 41,754 shares during the last quarter. 37.96% of the stock is currently owned by institutional investors.

iShares MSCI Italy ETF Company Profile

iShares MSCI Italy Capped ETF, formerly iShares MSCI Italy Capped 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 Italy 25/50 Index (Index). The Index consists of stocks traded primarily on the Milan 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.