Short Interest in iShares MSCI Ireland ETF (NYSEARCA:EIRL) Rises By 632.3%
by Danessa Lincoln · The Markets DailyiShares MSCI Ireland ETF (NYSEARCA:EIRL – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 9,739 shares, a growth of 632.3% from the May 31st total of 1,330 shares. Based on an average trading volume of 33,029 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.0% of the shares of the company are short sold.
iShares MSCI Ireland ETF Trading Up 0.4%
iShares MSCI Ireland ETF stock traded up $0.32 during mid-day trading on Friday, hitting $78.53. The company had a trading volume of 514 shares, compared to its average volume of 11,220. The company has a market capitalization of $74.60 million, a price-to-earnings ratio of 12.65 and a beta of 0.95. iShares MSCI Ireland ETF has a 12-month low of $64.70 and a 12-month high of $79.00. The company’s fifty day moving average is $75.15 and its 200-day moving average is $73.49.
Institutional Trading of iShares MSCI Ireland ETF
A number of hedge funds have recently added to or reduced their stakes in EIRL. Wealthfront Advisers LLC grew its position in iShares MSCI Ireland ETF by 5.0% during the first quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock valued at $323,000 after buying an additional 224 shares during the period. Marotta Asset Management raised its position in shares of iShares MSCI Ireland ETF by 2.9% in the first quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock worth $11,300,000 after acquiring an additional 4,627 shares during the period. Matthew Goff Investment Advisor LLC acquired a new position in shares of iShares MSCI Ireland ETF in the first quarter worth about $30,316,000. Hilltop Holdings Inc. acquired a new position in shares of iShares MSCI Ireland ETF in the fourth quarter worth about $1,327,000. Finally, Equitable Holdings Inc. boosted its stake in shares of iShares MSCI Ireland ETF by 4.3% during the 4th quarter. Equitable Holdings Inc. now owns 19,300 shares of the company’s stock worth $1,419,000 after acquiring an additional 800 shares in the last quarter.
About iShares MSCI Ireland ETF
The iShares MSCI Ireland ETF (EIRL) is an exchange-traded fund that is based on the MSCI All Ireland Capped index, a market-cap-weighted index of Irish firms. EIRL was launched on May 5, 2010 and is managed by BlackRock.