iShares MSCI Australia ETF (NYSEARCA:EWA) Reaches New 12-Month Low – What’s Next?

iShares MSCI Australia ETF (NYSEARCA:EWA) reached a new 52-week low during trading on Friday . The company traded as low as $21.93 and last traded at $21.89, with a volume of 33273 shares traded. The stock had previously closed at $23.25.

iShares MSCI Australia ETF Trading Down 9.0 %

The business’s fifty day simple moving average is $24.21 and its 200 day simple moving average is $25.07. The stock has a market cap of $1.18 billion, a P/E ratio of 15.97 and a beta of 1.04.

Hedge Funds Weigh In On iShares MSCI Australia ETF

A number of hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC increased its stake in shares of iShares MSCI Australia ETF by 365.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,586,390 shares of the exchange traded fund’s stock valued at $37,851,000 after acquiring an additional 1,245,820 shares in the last quarter. Jane Street Group LLC grew its position in iShares MSCI Australia ETF by 420.2% during the third quarter. Jane Street Group LLC now owns 1,508,451 shares of the exchange traded fund’s stock valued at $40,894,000 after buying an additional 1,218,500 shares during the period. Vontobel Holding Ltd. increased its stake in shares of iShares MSCI Australia ETF by 1.3% during the 4th quarter. Vontobel Holding Ltd. now owns 893,018 shares of the exchange traded fund’s stock worth $21,307,000 after purchasing an additional 11,509 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in iShares MSCI Australia ETF by 16.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 837,693 shares of the exchange traded fund’s stock worth $19,987,000 after acquiring an additional 116,477 shares during the last quarter. Finally, Millburn Ridgefield Corp lifted its stake in shares of iShares MSCI Australia ETF by 16.2% during the 4th quarter. Millburn Ridgefield Corp now owns 837,693 shares of the exchange traded fund’s stock valued at $19,987,000 after buying an additional 116,477 shares in the last quarter. Institutional investors and hedge funds own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index).