The iShares MSCI Singapore ETF (NYSEARCA:EWS) recorded a significant increase in trading volume on March 15, 2024, with approximately 1,316,167 shares exchanged. This figure represents an impressive 83% rise compared to the previous session, where 718,040 shares were traded. The ETF’s last recorded price was $27.5350, slightly down from its previous close of $27.55.
Market performance indicators show that the ETF has a fifty-day simple moving average of $28.01 and a two-hundred-day simple moving average of $27.61. With a market capitalization of $846.70 million, the fund’s price-to-earnings (P/E) ratio stands at 15.28, and it has a beta of 0.69, indicating relatively low volatility compared to the market.
Institutional Investments Reflect Growing Interest
Recent trading activity has attracted the attention of several institutional investors who have adjusted their holdings in the iShares MSCI Singapore ETF. Notably, Jane Street Group LLC expanded its stake by 64.5% during the first quarter, acquiring an additional 235,265 shares to reach a total of 600,000 shares valued at approximately $14.26 million.
Amundi also increased its position by 37.6%, bringing its total to 372,900 shares, valued at $8.72 million. New Vernon Capital Holdings II LLC made a more substantial move, increasing its stake by an extraordinary 3,088.3% and now holds 7,693,749 shares, amounting to $182.8 million in value.
Additionally, Sepio Capital LP raised its position by 69.2%, acquiring 42,993 shares to total 105,084 shares worth $2.5 million. Jones Financial Companies Lllp also made headlines by increasing its ownership by 239.0%, reaching a total of 52,702 shares valued at approximately $1.25 million. Collectively, institutional investors and hedge funds now own 52.30% of the ETF’s stock.
Understanding the iShares MSCI Singapore ETF
The iShares MSCI Singapore ETF is designed to track the performance of the MSCI Singapore Index, which includes stocks primarily traded on the Singapore Stock Exchange. The fund aims to provide investment outcomes that closely mirror both the price and yield performance of this underlying index.
Managed by BlackRock Fund Advisors, the ETF utilizes a representative sample of securities from the index, ensuring a comprehensive investment profile that reflects the broader market trends within Singapore.
As trading activity continues to evolve, the iShares MSCI Singapore ETF remains a focal point for investors looking to gain exposure to the Singaporean market, demonstrating the growing interest in this region as a viable investment destination.
