iShares MSCI Belgium ETF (NYSEARCA:EWK) Sees Large Drop in Short Interest

iShares MSCI Belgium ETF (NYSEARCA:EWK) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 67,673 shares, a drop of 64.0% from the June 15th total of 187,767 shares. Based on an average trading volume of 34,408 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.1% of the shares of the company are sold short.

iShares MSCI Belgium ETF Stock Performance

Shares of EWK stock opened at $26.27 on Monday. iShares MSCI Belgium ETF has a 1 year low of $21.74 and a 1 year high of $27.73. The stock has a fifty day moving average of $26.73 and a two-hundred day moving average of $25.89. The firm has a market capitalization of $161.82 million, a PE ratio of 18.50 and a beta of 0.68.

Institutional Trading of iShares MSCI Belgium ETF

A number of institutional investors have recently made changes to their positions in EWK. Cetera Investment Advisers acquired a new position in shares of iShares MSCI Belgium ETF during the second quarter valued at approximately $729,000. Raymond James Financial Inc. acquired a new stake in iShares MSCI Belgium ETF in the second quarter worth approximately $65,000. Jane Street Group LLC boosted its stake in iShares MSCI Belgium ETF by 157.9% during the 2nd quarter. Jane Street Group LLC now owns 91,296 shares of the company’s stock valued at $2,013,000 after purchasing an additional 55,890 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in iShares MSCI Belgium ETF during the 2nd quarter valued at $1,502,000. Finally, Osaic Holdings Inc. increased its position in shares of iShares MSCI Belgium ETF by 26.2% during the 2nd quarter. Osaic Holdings Inc. now owns 3,769 shares of the company’s stock valued at $83,000 after purchasing an additional 782 shares during the period.

About iShares MSCI Belgium ETF

iShares MSCI Belgium Capped ETF, formerly iShares MSCI Belgium Capped Investable Market 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 Belgian market, as measured by the MSCI Belgium Investable Market Index (the Index). The Index seeks to measure the performance of the Belgian equity market. It is a capitalization-weighted index that aims to capture 99% of the (publicly available) total market capitalization.