iShares MSCI Ireland ETF (NYSEARCA:EIRL) Short Interest Down 41.2% in August

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,393 shares, a decrease of 41.2% from the August 15th total of 5,773 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 3,117 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wealthfront Advisers LLC grew its position in shares of iShares MSCI Ireland ETF by 5.0% in the 1st 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 last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of iShares MSCI Ireland ETF by 6.1% in the second quarter. TD Waterhouse Canada Inc. now owns 61,176 shares of the company’s stock worth $4,810,000 after acquiring an additional 3,498 shares during the period. Marotta Asset Management lifted its stake 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. Global Endowment Management LP bought a new stake in iShares MSCI Ireland ETF in the fourth quarter valued at approximately $1,103,000. Finally, Matthew Goff Investment Advisor LLC bought a new stake in iShares MSCI Ireland ETF in the first quarter valued at approximately $30,316,000.

iShares MSCI Ireland ETF Stock Performance

Shares of iShares MSCI Ireland ETF stock traded up $0.30 during midday trading on Wednesday, hitting $83.22. 1,432 shares of the company traded hands, compared to its average volume of 9,361. The firm’s fifty day moving average price is $81.64 and its 200-day moving average price is $76.40. The stock has a market cap of $4.99 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 $65.73 and a 12 month high of $85.56.

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.