iShares MSCI Switzerland ETF (NYSEARCA:EWL) Short Interest Update

iShares MSCI Switzerland ETF (NYSEARCA:EWL) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 243,108 shares, a drop of 66.2% from the July 15th total of 719,882 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 420,713 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On iShares MSCI Switzerland ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. USA Financial Formulas grew its stake in shares of iShares MSCI Switzerland ETF by 35.3% in the first quarter. USA Financial Formulas now owns 3,075 shares of the exchange traded fund’s stock valued at $181,000 after acquiring an additional 802 shares in the last quarter. BFI Infinity Ltd. raised its stake in iShares MSCI Switzerland ETF by 2.0% in the 2nd quarter. BFI Infinity Ltd. now owns 27,654 shares of the exchange traded fund’s stock worth $1,738,000 after purchasing an additional 529 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in iShares MSCI Switzerland ETF in the 2nd quarter valued at about $261,000. JGP Wealth Management LLC bought a new stake in iShares MSCI Switzerland ETF in the 2nd quarter valued at about $233,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of iShares MSCI Switzerland ETF during the 2nd quarter worth approximately $206,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

iShares MSCI Switzerland ETF Price Performance

EWL traded down $0.43 during trading on Friday, hitting $63.27. The stock had a trading volume of 167,454 shares, compared to its average volume of 627,523. The company has a 50 day moving average price of $62.78 and a 200-day moving average price of $61.88. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 21.82 and a beta of 0.77. iShares MSCI Switzerland ETF has a one year low of $53.70 and a one year high of $65.53.

iShares MSCI Switzerland ETF Company Profile

iShares MSCI Switzerland Capped ETF (the Fund), formerly iShares MSCI Switzerland Capped Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the Index). The Index consists of stocks traded primarily on the Zurich Stock Exchange. The 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 Index weight and all issuers with weight above 5% do not exceed 50% of the Index weight.