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

by · The Markets Daily

iShares MSCI Switzerland ETF (NYSEARCA:EWL – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 767,083 shares, a growth of 103.8% from the August 31st total of 376,373 shares. Based on an average daily volume of 586,544 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares MSCI Switzerland ETF

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI Switzerland ETF by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 58,884 shares of the exchange traded fund’s stock valued at $3,701,000 after purchasing an additional 1,844 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of iShares MSCI Switzerland ETF by 5.0% in the second quarter. RFG Advisory LLC now owns 8,536 shares of the exchange traded fund’s stock worth $537,000 after purchasing an additional 407 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares MSCI Switzerland ETF by 1.6% in the second quarter. NewEdge Advisors LLC now owns 15,849 shares of the exchange traded fund’s stock worth $996,000 after buying an additional 247 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of iShares MSCI Switzerland ETF by 2.1% in the second quarter. Waverly Advisors LLC now owns 230,558 shares of the exchange traded fund’s stock worth $14,491,000 after buying an additional 4,852 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. boosted its stake in iShares MSCI Switzerland ETF by 186.1% during the second quarter. Ameliora Wealth Management Ltd. now owns 84,395 shares of the exchange traded fund’s stock valued at $5,304,000 after buying an additional 54,894 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Switzerland ETF Price Performance

Shares of EWL opened at $59.97 on Wednesday. The firm has a market cap of $2.42 billion, a P/E ratio of 21.82 and a beta of 0.77. iShares MSCI Switzerland ETF has a 1 year low of $54.58 and a 1 year high of $65.53. The company has a 50 day simple moving average of $62.49 and a two-hundred day simple moving average of $61.69.

iShares MSCI Switzerland ETF Company Profile

(Get Free Report)

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.

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