Short Interest in iShares MSCI Ireland ETF (NYSEARCA:EIRL) Drops By 36.4%

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,100 shares, a drop of 36.4% from the August 31st total of 3,300 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 4,200 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares MSCI Ireland ETF

Several hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in iShares MSCI Ireland ETF by 30.4% during the 2nd quarter. Osaic Holdings Inc. now owns 9,125 shares of the company’s stock valued at $612,000 after acquiring an additional 2,126 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Ireland ETF during the second quarter worth about $145,000. Sepio Capital LP boosted its stake in shares of iShares MSCI Ireland ETF by 1.9% in the second quarter. Sepio Capital LP now owns 17,716 shares of the company’s stock valued at $1,188,000 after purchasing an additional 330 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of iShares MSCI Ireland ETF in the second quarter valued at approximately $133,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of iShares MSCI Ireland ETF by 3.4% in the second quarter. TD Waterhouse Canada Inc. now owns 43,370 shares of the company’s stock valued at $2,913,000 after purchasing an additional 1,424 shares in the last quarter.

iShares MSCI Ireland ETF Stock Down 0.7%

NYSEARCA:EIRL opened at $67.95 on Tuesday. iShares MSCI Ireland ETF has a 52 week low of $53.51 and a 52 week high of $69.18. The stock’s fifty day moving average is $67.16 and its two-hundred day moving average is $64.70. The stock has a market capitalization of $61.16 million, a price-to-earnings ratio of 12.65 and a beta of 1.09.

iShares MSCI Ireland ETF Company Profile

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.