(EWP) iShares MSCI Spain - Ratings and Ratios

The iShares MSCI Spain ETF (EWP) is designed to track the performance of large- and mid-capitalization companies in Spain, offering exposure to the countrys equity market. The fund invests at least 80% of its assets in securities from its underlying index or in investments with similar economic characteristics. The underlying index is a free float-adjusted, market capitalization-weighted benchmark that captures the performance of Spanish equities, focusing on the largest and most liquid companies. As a non-diversified fund, it may concentrate its holdings in a smaller number of securities, which can increase risk but also allow for greater exposure to key sectors in Spains economy. The ETF is part of the iShares family, a leading global provider of exchange-traded funds.

From a technical perspective, EWP is currently trading above its 20-, 50-, and 200-day simple moving averages (SMA), indicating a bullish trend. The 20-day SMA of 38.79 and 50-day SMA of 38.02 suggest short-term momentum, while the 200-day SMA of 33.90 reflects longer-term strength. The average true range (ATR) of 0.85 highlights moderate volatility. With assets under management (AUM) of $1.07 billion, the fund has significant investor interest and liquidity. Based on these metrics, EWP is positioned for potential gains as Spains economy continues to recover, driven by sectors like tourism, renewable energy, and industrial exports. The funds focus on large- and mid-cap companies aligns with the growth prospects of Spains key industries.