iShares MSCI Austria ETF (NYSEARCA:EWO) Sees Large Increase in Short Interest

iShares MSCI Austria ETF (NYSEARCA:EWO) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 166,748 shares, a growth of 213.6% from the June 30th total of 53,171 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 40,873 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EWO. Royal Bank of Canada increased its position in iShares MSCI Austria ETF by 59.1% in the first quarter. Royal Bank of Canada now owns 2,288 shares of the company’s stock worth $82,000 after purchasing an additional 850 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in iShares MSCI Austria ETF by 425.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,071 shares of the company’s stock valued at $38,000 after purchasing an additional 867 shares during the last quarter. Raymond James Financial Inc. lifted its position in iShares MSCI Austria ETF by 5.8% during the third quarter. Raymond James Financial Inc. now owns 16,411 shares of the company’s stock valued at $509,000 after purchasing an additional 894 shares during the last quarter. Comerica Bank grew its stake in shares of iShares MSCI Austria ETF by 466.0% in the 1st quarter. Comerica Bank now owns 1,217 shares of the company’s stock worth $31,000 after buying an additional 1,002 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of iShares MSCI Austria ETF in the 1st quarter worth $30,000.

iShares MSCI Austria ETF Price Performance

NYSEARCA:EWO opened at $41.80 on Monday. iShares MSCI Austria ETF has a 1 year low of $29.08 and a 1 year high of $43.60. The stock’s 50 day simple moving average is $41.55 and its two-hundred day simple moving average is $38.83. The company has a market cap of $175.56 million, a price-to-earnings ratio of 11.04 and a beta of 0.80.

iShares MSCI Austria ETF Company Profile

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