Short Interest in iShares MSCI Israel ETF (NYSEARCA:EIS) Declines By 40.0%

iShares MSCI Israel ETF (NYSEARCA:EIS) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 187,798 shares, a drop of 40.0% from the May 31st total of 313,079 shares. Based on an average daily trading volume, of 110,779 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.5% of the shares of the company are short sold.

iShares MSCI Israel ETF Trading Down 0.1%

NYSEARCA:EIS traded down $0.12 during mid-day trading on Thursday, reaching $120.48. The company’s stock had a trading volume of 234,701 shares, compared to its average volume of 138,469. The stock has a market cap of $897.58 million, a P/E ratio of 13.79 and a beta of 1.05. The firm’s fifty day moving average price is $128.65 and its two-hundred day moving average price is $122.38. iShares MSCI Israel ETF has a 12-month low of $87.00 and a 12-month high of $138.85.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EIS. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares MSCI Israel ETF by 146,250.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 600,035 shares of the company’s stock valued at $66,022,000 after buying an additional 599,625 shares during the period. Korea Investment CORP grew its holdings in shares of iShares MSCI Israel ETF by 130.9% in the third quarter. Korea Investment CORP now owns 410,232 shares of the company’s stock worth $41,146,000 after acquiring an additional 232,559 shares during the period. Jane Street Group LLC purchased a new stake in iShares MSCI Israel ETF during the first quarter valued at $5,684,000. Wealth High Governance Capital Ltda purchased a new stake in iShares MSCI Israel ETF during the third quarter valued at $6,018,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in iShares MSCI Israel ETF in the third quarter valued at about $4,012,000.

About iShares MSCI Israel ETF

The iShares MSCI Israel ETF (EIS) is an exchange-traded fund that is based on the MSCI Israel Capped index, a market-cap-weighted index of Israeli firms. EIS was launched on Mar 26, 2008 and is managed by BlackRock.