Short Interest in iShares MSCI Germany Index Fund (EWG) Drops By 50.0%

iShares MSCI Germany Index Fund (NYSEARCA:EWG) saw a large drop in short interest in December. As of December 29th, there was short interest totalling 697,928 shares, a drop of 50.0% from the December 15th total of 1,394,487 shares. Based on an average daily trading volume, of 3,231,602 shares, the days-to-cover ratio is currently 0.2 days.

Several institutional investors have recently added to or reduced their stakes in the business. Polianta Ltd bought a new stake in shares of iShares MSCI Germany Index Fund during the 4th quarter valued at about $14,449,000. Parallel Advisors LLC grew its stake in shares of iShares MSCI Germany Index Fund by 96.8% during the 3rd quarter. Parallel Advisors LLC now owns 24,701 shares of the exchange traded fund’s stock valued at $807,000 after purchasing an additional 12,148 shares during the period. Afam Capital Inc. grew its stake in shares of iShares MSCI Germany Index Fund by 33.8% during the 3rd quarter. Afam Capital Inc. now owns 188,068 shares of the exchange traded fund’s stock valued at $6,099,000 after purchasing an additional 47,539 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Germany Index Fund during the 3rd quarter valued at about $2,146,000. Finally, M&R Capital Management Inc. grew its stake in shares of iShares MSCI Germany Index Fund by 0.9% during the 3rd quarter. M&R Capital Management Inc. now owns 282,566 shares of the exchange traded fund’s stock valued at $9,163,000 after purchasing an additional 2,465 shares during the period.

Shares of iShares MSCI Germany Index Fund (NYSEARCA EWG) opened at $34.65 on Thursday. The stock has a market capitalization of $4,740.00 and a PE ratio of -16.90. iShares MSCI Germany Index Fund has a 52 week low of $27.02 and a 52 week high of $34.82.

The company also recently declared a semiannual dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 20th were paid a dividend of $0.0844 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a dividend yield of 0.5%. iShares MSCI Germany Index Fund’s dividend payout ratio is currently -33.17%.

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iShares MSCI Germany Index Fund Company Profile

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

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