iShares MSCI Australia ETF (NYSEARCA:EWA) Short Interest Down 42.0% in May

iShares MSCI Australia ETF (NYSEARCA:EWA) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,662,933 shares, a decrease of 42.0% from the May 14th total of 6,310,865 shares. Currently, 7.9% of the shares of the stock are sold short. Based on an average trading volume of 1,988,856 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new position in iShares MSCI Australia ETF in the third quarter valued at $32,000. Tower Research Capital LLC TRC increased its stake in iShares MSCI Australia ETF by 10,333.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,565 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 1,550 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new position in iShares MSCI Australia ETF in the fourth quarter valued at $47,000. Jones Financial Companies Lllp bought a new position in iShares MSCI Australia ETF in the first quarter valued at $42,000. Finally, Laurel Wealth Advisors LLC bought a new position in iShares MSCI Australia ETF in the fourth quarter valued at $72,000. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Stock Up 0.9%

EWA opened at $29.22 on Friday. The stock has a market cap of $1.36 billion, a PE ratio of 19.89 and a beta of 0.96. iShares MSCI Australia ETF has a 52 week low of $24.94 and a 52 week high of $30.48. The business’s fifty day simple moving average is $29.15 and its 200 day simple moving average is $28.07.

About iShares MSCI Australia ETF

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.