iShares MSCI Malaysia ETF (NYSEARCA:EWM) Sees Significant Growth in Short Interest

iShares MSCI Malaysia ETF (NYSEARCA:EWM) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 886,716 shares, an increase of 95.6% from the April 30th total of 453,292 shares. Currently, 7.1% of the shares of the company are sold short. Based on an average trading volume of 186,369 shares, the short-interest ratio is presently 4.8 days.

Hedge Funds Weigh In On iShares MSCI Malaysia ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EWM. Jessup Wealth Management Inc purchased a new position in shares of iShares MSCI Malaysia ETF in the fourth quarter valued at approximately $72,000. BOCHK Asset Management Ltd lifted its position in iShares MSCI Malaysia ETF by 250.0% during the fourth quarter. BOCHK Asset Management Ltd now owns 2,800 shares of the exchange traded fund’s stock worth $77,000 after buying an additional 2,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares MSCI Malaysia ETF during the second quarter worth approximately $84,000. AlphaCentric Advisors LLC purchased a new position in iShares MSCI Malaysia ETF during the fourth quarter worth approximately $152,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares MSCI Malaysia ETF during the fourth quarter worth approximately $161,000. Hedge funds and other institutional investors own 86.75% of the company’s stock.

iShares MSCI Malaysia ETF Trading Up 0.2%

Shares of EWM opened at $28.62 on Tuesday. iShares MSCI Malaysia ETF has a 12 month low of $23.34 and a 12 month high of $30.64. The stock’s 50 day moving average is $29.12 and its two-hundred day moving average is $28.45. The firm has a market cap of $358.32 million, a P/E ratio of 14.29 and a beta of 0.48.

About iShares MSCI Malaysia ETF

iShares MSCI Malaysia ETF, formerly iShares MSCI Malaysia 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 Malaysian market, as measured by the MSCI Malaysia Index (the Index). The Index seeks to measure the performance of the Malaysian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.