On Friday, the iShares MSCI Singapore ETF (NYSEARCA:EWS) experienced a significant increase in trading volume, with approximately 1,316,167 shares exchanged. This figure represents an impressive rise of 83% compared to the previous session’s volume of 718,040 shares. The stock was last recorded at $27.5350, slightly down from its prior closing price of $27.55.
The performance metrics for the iShares MSCI Singapore ETF indicate a fifty-day simple moving average of $28.01 and a two-hundred-day simple moving average of $27.61. The ETF holds a market capitalization of $846.70 million, with a price-to-earnings (P/E) ratio of 15.28 and a beta of 0.69, suggesting a relatively lower volatility compared to the broader market.
Institutional Activity Reflects Growing Interest
Recent activity among institutional investors highlights a growing interest in the iShares MSCI Singapore ETF. Notably, Jane Street Group LLC increased its holdings by 64.5% in the first quarter, now owning 600,000 shares valued at approximately $14.26 million after acquiring an additional 235,265 shares.
Amundi also expanded its position in the ETF by 37.6% during the same period, bringing its total holdings to 372,900 shares worth around $8.72 million following a purchase of 101,900 shares.
In a striking move, New Vernon Capital Holdings II LLC increased its stake by an extraordinary 3,088.3%, now owning 7,693,749 shares valued at approximately $182.80 million after acquiring an additional 7,452,439 shares. Likewise, Sepio Capital LP raised its position by 69.2%, now holding 105,084 shares worth about $2.50 million.
Lastly, Jones Financial Companies Lllp boosted its stake significantly by 239.0%, acquiring 52,702 shares valued at $1.25 million after purchasing an additional 37,155 shares.
Currently, institutional investors and hedge funds collectively own 52.30% of the ETF, indicating a strong institutional backing for this investment vehicle.
Overview of iShares MSCI Singapore ETF
The iShares MSCI Singapore ETF, previously known as the iShares MSCI Singapore Index Fund, aims to replicate the performance of the MSCI Singapore Index. This underlying index comprises stocks traded primarily on the Singapore Stock Exchange. The fund is designed to invest in a representative sample of securities that collectively mirror the investment profile of the index it tracks.
The investment advisory services for this ETF are provided by BlackRock Fund Advisors (BFA), a prominent player in the investment management sector.
As trading continues, the recent surge in volume and institutional interest suggests a notable shift in market sentiment towards the iShares MSCI Singapore ETF, providing investors with a compelling opportunity to engage with Singapore’s financial landscape.
