EWI Stock Summary and Trading Ideas (iShares MSCI Italy ETF | ARCA:EWI)

The iShares MSCI Italy 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 Italian market as measured by the MSCI Italy 25/50 Index.

iShares MSCI Italy ETF trades on the ARCA stock market under the symbol EWI.

As of May 1, 2024, EWI stock price declined to $36.52 with 798,683 million shares trading.

EWI has a beta of 0.95, meaning it tends to be less sensitive to market movements. EWI has a correlation of 0.54 to the broad based SPY ETF.

EWI has a market cap of $413.59 million. This is considered a Small Cap stock.

In the last 3 years, EWI stock traded as high as $37.96 and as low as $20.99.

EWI stock has underperformed the market in the last year with a return of +19.0%, while SPY returned +21.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EWI shares. However, EWI has outperformed the market in the last 3 month and 2 week periods, returning +8.8% and +2.3%, while SPY returned +2.3% and -0.6%, respectively. This indicates EWI has been having a stronger performance recently.

EWI support price is $36.13 and resistance is $36.98 (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 EWI stock will trade within this expected range on the day.