iShares MSCI Switzerland ETF (NYSEARCA:EWL) Sees Large Increase in Short Interest

iShares MSCI Switzerland ETF (NYSEARCA:EWL) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 695,569 shares, a growth of 149.3% from the April 30th total of 279,009 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 518,793 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EWL. Compagnie Lombard Odier SCmA grew its position in iShares MSCI Switzerland ETF by 39.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 66,590 shares of the exchange traded fund’s stock valued at $3,678,000 after acquiring an additional 18,696 shares during the period. McHugh Group LLC bought a new stake in iShares MSCI Switzerland ETF in the fourth quarter valued at $552,000. JPMorgan Chase & Co. grew its position in iShares MSCI Switzerland ETF by 142.2% in the third quarter. JPMorgan Chase & Co. now owns 725,576 shares of the exchange traded fund’s stock valued at $40,081,000 after acquiring an additional 425,970 shares during the period. GenTrust LLC grew its position in iShares MSCI Switzerland ETF by 6.4% in the fourth quarter. GenTrust LLC now owns 290,051 shares of the exchange traded fund’s stock valued at $17,391,000 after acquiring an additional 17,330 shares during the period. Finally, Rice Partnership LLC grew its position in iShares MSCI Switzerland ETF by 14.5% in the third quarter. Rice Partnership LLC now owns 121,764 shares of the exchange traded fund’s stock valued at $6,726,000 after acquiring an additional 15,398 shares during the period. 68.30% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Switzerland ETF Trading Up 0.4%

Shares of NYSEARCA EWL opened at $63.13 on Friday. The business has a fifty day simple moving average of $60.67 and a 200 day simple moving average of $60.46. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 21.82 and a beta of 0.78. iShares MSCI Switzerland ETF has a one year low of $51.83 and a one year high of $65.53.

iShares MSCI Switzerland ETF Company Profile

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