Short Interest in iShares MSCI Canada ETF (NYSEARCA:EWC) Grows By 38.6%

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 5,820,000 shares, an increase of 38.6% from the May 15th total of 4,200,000 shares. Based on an average trading volume of 2,755,100 shares, the days-to-cover ratio is currently 2.1 days. Approximately 9.2% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares MSCI Canada ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EWC. Catalyst Capital Advisors LLC grew its holdings in iShares MSCI Canada ETF by 10.5% during the fourth quarter. Catalyst Capital Advisors LLC now owns 504,817 shares of the exchange traded fund’s stock valued at $20,344,000 after purchasing an additional 47,912 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in iShares MSCI Canada ETF by 193.8% during the fourth quarter. Sanctuary Advisors LLC now owns 14,753 shares of the exchange traded fund’s stock valued at $616,000 after purchasing an additional 9,731 shares during the last quarter. Ifrah Financial Services Inc. acquired a new position in iShares MSCI Canada ETF during the fourth quarter valued at approximately $260,000. Global Retirement Partners LLC grew its holdings in iShares MSCI Canada ETF by 27.7% during the fourth quarter. Global Retirement Partners LLC now owns 5,991 shares of the exchange traded fund’s stock valued at $241,000 after purchasing an additional 1,298 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of iShares MSCI Canada ETF by 141.4% in the fourth quarter. IFP Advisors Inc now owns 2,873 shares of the exchange traded fund’s stock worth $116,000 after acquiring an additional 1,683 shares during the last quarter.

iShares MSCI Canada ETF Stock Down 0.3%

Shares of EWC stock opened at $45.32 on Thursday. iShares MSCI Canada ETF has a 12 month low of $35.74 and a 12 month high of $46.11. The business’s 50 day moving average is $43.40 and its two-hundred day moving average is $41.79. The company has a market cap of $2.86 billion, a PE ratio of 20.90 and a beta of 0.95.

iShares MSCI Canada ETF Company Profile

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).