iShares MSCI South Korea ETF (NYSEARCA:EWY) Short Interest Up 53.9% in April

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iShares MSCI South Korea ETF (NYSEARCA:EWY) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,879,497 shares, an increase of 53.9% from the March 29th total of 1,870,518 shares. Based on an average daily trading volume, of 3,466,629 shares, the days-to-cover ratio is presently 0.8 days.

A number of hedge funds have recently added to or reduced their stakes in EWY. Bridgewater Associates LP grew its holdings in shares of iShares MSCI South Korea ETF by 13.8% during the 1st quarter. Bridgewater Associates LP now owns 3,767,959 shares of the exchange traded fund’s stock valued at $229,657,000 after purchasing an additional 455,716 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in shares of iShares MSCI South Korea ETF by 51.0% during the 1st quarter. Altshuler Shaham Ltd now owns 3,081,190 shares of the exchange traded fund’s stock valued at $187,799,000 after purchasing an additional 1,040,338 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of iShares MSCI South Korea ETF during the 4th quarter valued at approximately $156,873,000. BlackRock Inc. grew its holdings in shares of iShares MSCI South Korea ETF by 139.9% during the 4th quarter. BlackRock Inc. now owns 2,583,250 shares of the exchange traded fund’s stock valued at $152,050,000 after purchasing an additional 1,506,667 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in shares of iShares MSCI South Korea ETF by 9,391.5% during the 1st quarter. Pinebridge Investments L.P. now owns 2,293,059 shares of the exchange traded fund’s stock valued at $139,762,000 after purchasing an additional 2,268,900 shares during the last quarter.

EWY stock traded down $0.70 during mid-day trading on Friday, hitting $55.27. The stock had a trading volume of 4,336,046 shares, compared to its average volume of 3,701,413. iShares MSCI South Korea ETF has a 52 week low of $55.10 and a 52 week high of $74.56.

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iShares MSCI South Korea ETF Company Profile

iShares MSCI South Korea Capped ETF (the Fund) is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea 25/50 Index (the Index). The Index consists of stocks traded primarily on the Stock Market Division of the Korean Exchange.

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