Short Interest in iShares MSCI Belgium ETF (NYSEARCA:EWK) Declines By 92.0%
by Mitch Edgeman · The Markets DailyiShares MSCI Belgium ETF (NYSEARCA:EWK – Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 57,468 shares, a drop of 92.0% from the March 15th total of 721,211 shares. Based on an average trading volume of 44,006 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.6% of the shares of the company are sold short.
iShares MSCI Belgium ETF Trading Up 0.2%
EWK traded up $0.04 during trading hours on Friday, hitting $26.03. The company’s stock had a trading volume of 63,535 shares, compared to its average volume of 26,824. iShares MSCI Belgium ETF has a fifty-two week low of $19.32 and a fifty-two week high of $27.63. The firm has a market capitalization of $95.79 million, a PE ratio of 18.50 and a beta of 0.70. The company has a 50-day simple moving average of $25.58 and a 200 day simple moving average of $24.67.
Institutional Trading of iShares MSCI Belgium ETF
Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its position in iShares MSCI Belgium ETF by 26.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,769 shares of the company’s stock valued at $83,000 after acquiring an additional 782 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares MSCI Belgium ETF in the 2nd quarter valued at approximately $65,000. Bank of Montreal Can acquired a new stake in iShares MSCI Belgium ETF in the 4th quarter valued at approximately $80,000. Idaho Trust Co increased its position in iShares MSCI Belgium ETF by 51.6% in the 4th quarter. Idaho Trust Co now owns 13,560 shares of the company’s stock valued at $330,000 after acquiring an additional 4,615 shares during the period. Finally, DRW Securities LLC increased its position in iShares MSCI Belgium ETF by 39.0% in the 4th quarter. DRW Securities LLC now owns 23,400 shares of the company’s stock valued at $569,000 after acquiring an additional 6,566 shares during the period.
iShares MSCI Belgium ETF Company Profile
iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.