iShares MSCI United Kingdom Index (NYSE:EWU) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 1,821,351 shares, an increase of 42.1% from the July 14th total of 1,281,960 shares. Based on an average daily trading volume, of 2,933,716 shares, the days-to-cover ratio is presently 0.6 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of iShares MSCI United Kingdom Index by 38.8% in the second quarter. Goldman Sachs Group Inc. now owns 2,234,018 shares of the exchange traded fund’s stock worth $74,460,000 after buying an additional 624,723 shares during the period. Psagot Investment House Ltd. raised its position in shares of iShares MSCI United Kingdom Index by 7.2% in the second quarter. Psagot Investment House Ltd. now owns 1,170,918 shares of the exchange traded fund’s stock worth $39,027,000 after buying an additional 79,005 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares MSCI United Kingdom Index by 117.6% in the second quarter. Ameriprise Financial Inc. now owns 889,416 shares of the exchange traded fund’s stock worth $29,651,000 after buying an additional 480,626 shares during the period. Royal Bank of Canada raised its position in shares of iShares MSCI United Kingdom Index by 56.5% in the second quarter. Royal Bank of Canada now owns 862,270 shares of the exchange traded fund’s stock worth $28,741,000 after buying an additional 311,324 shares during the period. Finally, Richard Bernstein Advisors LLC bought a new position in shares of iShares MSCI United Kingdom Index during the second quarter worth approximately $10,665,000.

Shares of iShares MSCI United Kingdom Index (EWU) opened at 33.50 on Wednesday. The company’s 50-day moving average price is $33.75 and its 200-day moving average price is $33.13. iShares MSCI United Kingdom Index has a 52-week low of $29.43 and a 52-week high of $34.92.

COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/16/ishares-msci-united-kingdom-index-ewu-short-interest-update-2.html.

About iShares MSCI United Kingdom Index

iShares MSCI United Kingdom ETF (the Fund), formerly iShares MSCI United Kingdom Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI United Kingdom Index (the Index). The Index consists of stocks traded primarily on the London Stock Exchange.

Receive News & Ratings for iShares MSCI United Kingdom Index Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI United Kingdom Index and related companies with MarketBeat.com's FREE daily email newsletter.