Short Interest in iShares MSCI Finland ETF (BATS:EFNL) Increases By 1,897.7%
by Tristan Rich · The Markets DailyiShares MSCI Finland ETF (BATS:EFNL – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 130,107 shares, an increase of 1,897.7% from the May 14th total of 6,513 shares. Currently, 21.7% of the company’s stock are short sold. Based on an average daily volume of 8,141 shares, the short-interest ratio is presently 16.0 days.
Hedge Funds Weigh In On iShares MSCI Finland ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zacks Investment Management lifted its stake in iShares MSCI Finland ETF by 8.4% in the fourth quarter. Zacks Investment Management now owns 5,751 shares of the company’s stock worth $275,000 after acquiring an additional 448 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of iShares MSCI Finland ETF in the 1st quarter valued at approximately $25,000. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Finland ETF in the 2nd quarter valued at $31,000. Arlington Capital Management Inc. raised its holdings in shares of iShares MSCI Finland ETF by 1.6% in the 4th quarter. Arlington Capital Management Inc. now owns 70,726 shares of the company’s stock valued at $3,382,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Idaho Trust Co lifted its position in shares of iShares MSCI Finland ETF by 21.0% during the 4th quarter. Idaho Trust Co now owns 6,518 shares of the company’s stock worth $312,000 after purchasing an additional 1,131 shares during the last quarter.
iShares MSCI Finland ETF Trading Down 1.2%
EFNL traded down $0.67 on Tuesday, hitting $54.75. 9,737 shares of the company were exchanged, compared to its average volume of 30,826. The firm has a 50-day moving average price of $54.11 and a two-hundred day moving average price of $50.48. iShares MSCI Finland ETF has a twelve month low of $34.96 and a twelve month high of $58.30. The company has a market cap of $32.85 million, a price-to-earnings ratio of 15.40 and a beta of 0.83.
iShares MSCI Finland ETF Company Profile
The iShares MSCI Finland ETF (EFNL) is an exchange-traded fund that is based on the MSCI Finland IMI 25\u002F50 index, a market-cap-weighted index of Finnish all-cap stocks. EFNL was launched on Jan 25, 2012 and is managed by BlackRock.