EWP Stock Summary and Trading Ideas (iShares MSCI Spain ETF | ARCA:EWP)

The iShares MSCI Spain ETF 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 Spanish market as measured by the MSCI Spain 25/50 Index.

iShares MSCI Spain ETF trades on the ARCA stock market under the symbol EWP.

As of April 19, 2024, EWP stock price declined to $30.95 with 1,510,606 million shares trading.

EWP has a beta of 0.93, meaning it tends to be less sensitive to market movements. EWP has a correlation of 0.45 to the broad based SPY ETF.

EWP has a market cap of $1.02 billion. This is considered a Small Cap stock.

In the last 3 years, EWP stock traded as high as $32.57 and as low as $19.27.

EWP stock has underperformed the market in the last year with a return of +10.0%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EWP shares. However, EWP has outperformed the market in the last 3 month and 2 week periods, returning +5.3% and -3.4%, while SPY returned +4.3% and -3.5%, respectively. This indicates EWP has been having a stronger performance recently.

EWP support price is $30.66 and resistance is $31.26 (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 EWP stock will trade within this expected range on the day.