iShares MSCI Canada ETF (EWC) Sees Large Increase in Short Interest

iShares MSCI Canada ETF (NYSEARCA:EWC) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 4,347,322 shares, an increase of 41.4% from the October 13th total of 3,074,476 shares. Based on an average daily trading volume, of 1,838,636 shares, the days-to-cover ratio is currently 2.4 days.

Several hedge funds and other institutional investors have recently made changes to their positions in EWC. Ballentine Partners LLC purchased a new position in shares of iShares MSCI Canada ETF in the second quarter valued at $106,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares MSCI Canada ETF in the third quarter valued at $112,000. Clear Perspective Advisors LLC purchased a new position in shares of iShares MSCI Canada ETF in the second quarter valued at $134,000. BB&T Investment Services Inc. purchased a new position in shares of iShares MSCI Canada ETF in the second quarter valued at $142,000. Finally, Cadinha & Co. LLC purchased a new position in shares of iShares MSCI Canada ETF in the second quarter valued at $234,000.

Shares of iShares MSCI Canada ETF (NYSEARCA EWC) opened at $29.04 on Tuesday. iShares MSCI Canada ETF has a one year low of $25.58 and a one year high of $29.45.

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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).

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