iShares MSCI Canada ETF (NYSEARCA:EWC) Sees Large Growth in Short Interest

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 5,820,000 shares, a growth of 38.6% from the May 15th total of 4,200,000 shares. Based on an average daily volume of 2,755,100 shares, the days-to-cover ratio is currently 2.1 days. Approximately 9.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New Vernon Capital Holdings II LLC grew its stake in shares of iShares MSCI Canada ETF by 5,813.7% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 4,121,700 shares of the exchange traded fund’s stock worth $167,959,000 after buying an additional 4,052,002 shares in the last quarter. Bank of Montreal Can grew its position in iShares MSCI Canada ETF by 87.3% in the fourth quarter. Bank of Montreal Can now owns 2,275,158 shares of the exchange traded fund’s stock worth $91,689,000 after acquiring an additional 1,060,704 shares in the last quarter. Asset Management One Co. Ltd. grew its position in iShares MSCI Canada ETF by 0.3% in the first quarter. Asset Management One Co. Ltd. now owns 1,894,547 shares of the exchange traded fund’s stock worth $77,203,000 after acquiring an additional 5,544 shares in the last quarter. Royal Bank of Canada increased its stake in iShares MSCI Canada ETF by 11.5% during the fourth quarter. Royal Bank of Canada now owns 1,873,190 shares of the exchange traded fund’s stock worth $75,489,000 after acquiring an additional 193,743 shares during the last quarter. Finally, Bank of America Corp DE raised its position in iShares MSCI Canada ETF by 4.4% during the fourth quarter. Bank of America Corp DE now owns 1,855,384 shares of the exchange traded fund’s stock valued at $74,772,000 after purchasing an additional 78,892 shares during the period.

iShares MSCI Canada ETF Stock Performance

Shares of NYSEARCA:EWC opened at $45.76 on Tuesday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 20.90 and a beta of 0.95. The firm has a fifty day moving average price of $43.17 and a 200 day moving average price of $41.74. iShares MSCI Canada ETF has a fifty-two week low of $35.74 and a fifty-two week high of $46.11.

iShares MSCI Canada ETF Company Profile

iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index).