19-Apr-2024
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The iShares MSCI Sweden ETF seeks to provide investment results that correspond generally to the price and yield performance before fees and expenses of publicly traded securities in the Swedish market as measured by the MSCI Sweden 25/50 Index.
iShares MSCI Sweden ETF trades on the ARCA stock market under the symbol EWD.
As of April 19, 2024, EWD stock price declined to $38.28 with 152,332 million shares trading.
EWD has a beta of 1.27, meaning it tends to be more sensitive to market movements. EWD has a correlation of 0.53 to the broad based SPY ETF.
EWD has a market cap of $269.87 million. This is considered a Small Cap stock.
In the last 3 years, EWD stock traded as high as $49.46 and as low as $26.01.
EWD has underperformed the market in the last year with a price return of +7.0% while the SPY ETF gained +21.2%. However, in the short term, EWD had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.9% vs +4.3% return in SPY. But in the last 2 weeks, EWD shares have been beat by the market, returning -3.9% compared to an SPY return of -3.5%.
EWD support price is $37.92 and resistance is $38.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EWD stock will trade within this expected range on the day.