iShares MSCI Canada ETF (NYSEARCA:EWC – Get Free Report) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 8,166,971 shares, an increase of 137.9% from the May 14th total of 3,432,706 shares. Based on an average daily trading volume, of 2,218,038 shares, the days-to-cover ratio is presently 3.7 days. Approximately 9.1% of the shares of the stock are short sold.
Institutional Trading of iShares MSCI Canada ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in EWC. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares MSCI Canada ETF in the fourth quarter valued at $34,000. Financial Life Planners acquired a new stake in shares of iShares MSCI Canada ETF in the third quarter valued at $35,000. Tucker Asset Management LLC acquired a new stake in shares of iShares MSCI Canada ETF in the fourth quarter valued at $46,000. Western Wealth Management LLC acquired a new stake in shares of iShares MSCI Canada ETF in the first quarter valued at $49,000. Finally, Optima Capital LLC acquired a new stake in shares of iShares MSCI Canada ETF in the fourth quarter valued at $52,000.
iShares MSCI Canada ETF Stock Performance
Shares of NYSEARCA:EWC opened at $58.76 on Friday. iShares MSCI Canada ETF has a twelve month low of $44.95 and a twelve month high of $59.52. The firm has a market cap of $5.25 billion, a PE ratio of 19.77 and a beta of 0.85. The business has a fifty day moving average of $57.86 and a 200-day moving average of $55.91.
About iShares MSCI Canada ETF
iShares MSCI Canada ETF (the Fund), formerly iShares MSCI Canada Index Fund, is an exchange-traded fund (ETF). 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 Canadian market, as measured by the MSCI Canada Index (the Index). The Index seeks to measure the performance of the Canadian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.
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