Short Interest in iShares MSCI Singapore ETF (NYSEARCA:EWS) Drops By 62.0%

iShares MSCI Singapore ETF (NYSEARCA:EWS) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 459,552 shares, a drop of 62.0% from the January 15th total of 1,209,144 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 864,288 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 864,288 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.7% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares MSCI Singapore ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in iShares MSCI Singapore ETF by 147.0% during the second quarter. JPMorgan Chase & Co. now owns 851,840 shares of the company’s stock valued at $22,131,000 after acquiring an additional 506,960 shares during the period. UBS Group AG increased its position in shares of iShares MSCI Singapore ETF by 119.8% during the third quarter. UBS Group AG now owns 904,505 shares of the company’s stock valued at $25,634,000 after purchasing an additional 492,982 shares during the period. Sun Life Financial Inc. raised its stake in shares of iShares MSCI Singapore ETF by 20.9% in the third quarter. Sun Life Financial Inc. now owns 1,462,159 shares of the company’s stock valued at $41,438,000 after purchasing an additional 252,559 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in iShares MSCI Singapore ETF by 97.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 438,730 shares of the company’s stock worth $12,438,000 after purchasing an additional 216,130 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in iShares MSCI Singapore ETF by 213,957.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 209,776 shares of the company’s stock worth $5,771,000 after buying an additional 209,678 shares in the last quarter. Institutional investors and hedge funds own 52.30% of the company’s stock.

iShares MSCI Singapore ETF Stock Performance

NYSEARCA EWS opened at $28.58 on Wednesday. The stock has a 50-day simple moving average of $27.97 and a 200 day simple moving average of $28.11. iShares MSCI Singapore ETF has a twelve month low of $20.08 and a twelve month high of $29.65. The stock has a market capitalization of $778.81 million, a PE ratio of 15.28 and a beta of 0.69.

iShares MSCI Singapore ETF Company Profile

iShares MSCI Singapore ETF, formerly iShares MSCI Singapore Index Fund (the Fund), is an exchange traded fund (ETF). The Funds seeks investment results that correspond to the price and yield performance of the MSCI Singapore Index (the Underlying Index). The Underlying Index consists of stocks traded primarily on the Singapore Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA).