iShares MSCI New Zealand ETF (NASDAQ:ENZL) Stock Price Down 0.8% – What’s Next?

iShares MSCI New Zealand ETF (NASDAQ:ENZL) dropped 0.8% during mid-day trading on Monday . The stock traded as low as $44.35 and last traded at $44.49. Approximately 4,612 shares changed hands during trading, a decline of 22% from the average daily volume of 5,902 shares. The stock had previously closed at $44.85.

iShares MSCI New Zealand ETF Stock Down 1.3%

The firm has a market capitalization of $67.69 million, a P/E ratio of 41.58 and a beta of 0.89. The company’s 50 day moving average is $45.90 and its 200-day moving average is $45.58.

Institutional Trading of iShares MSCI New Zealand ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENZL. Jones Financial Companies Lllp bought a new position in iShares MSCI New Zealand ETF in the third quarter worth approximately $28,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of iShares MSCI New Zealand ETF by 100.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the company’s stock valued at $46,000 after acquiring an additional 500 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of iShares MSCI New Zealand ETF by 219.5% during the third quarter. Susquehanna International Group LLP now owns 23,881 shares of the company’s stock worth $1,097,000 after purchasing an additional 16,407 shares during the period. Wexford Capital LP bought a new position in shares of iShares MSCI New Zealand ETF in the 3rd quarter worth $1,378,000. Finally, Jane Street Group LLC lifted its holdings in shares of iShares MSCI New Zealand ETF by 11.7% in the 1st quarter. Jane Street Group LLC now owns 42,860 shares of the company’s stock worth $1,804,000 after purchasing an additional 4,491 shares in the last quarter.

iShares MSCI New Zealand ETF Company Profile

The iShares MSCI New Zealand ETF (ENZL) is an exchange-traded fund that is based on the MSCI New Zeland IMI 25-50 index. The fund tracks the performance of a market-cap-weighted index of equity securities in the top 99% of the New Zealand equity market. ENZL was launched on Sep 1, 2010 and is managed by BlackRock.