iShares MSCI New Zealand ETF (NASDAQ:ENZL) Stock Short Interest Drops 43.3%

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,064 shares, a decline of 43.3% from the September 30th total of 12,464 shares. Based on an average daily trading volume, of 10,515 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares MSCI New Zealand ETF

Hedge funds have recently added to or reduced their stakes in the stock. Trek Financial LLC bought a new stake in iShares MSCI New Zealand ETF in the 3rd quarter valued at about $1,320,000. USA Financial Formulas acquired a new stake in iShares MSCI New Zealand ETF in the 3rd quarter valued at approximately $286,000. TD Waterhouse Canada Inc. raised its stake in iShares MSCI New Zealand ETF by 7.2% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 109,028 shares of the company’s stock valued at $4,893,000 after acquiring an additional 7,282 shares in the last quarter. Farther Finance Advisors LLC boosted its position in iShares MSCI New Zealand ETF by 66.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,380 shares of the company’s stock worth $62,000 after acquiring an additional 550 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in iShares MSCI New Zealand ETF by 13.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,712 shares of the company’s stock worth $659,000 after acquiring an additional 1,700 shares during the period.

iShares MSCI New Zealand ETF Stock Up 0.6%

ENZL stock traded up $0.28 during midday trading on Friday, reaching $44.81. The company had a trading volume of 13,729 shares, compared to its average volume of 50,915. The stock has a 50 day moving average price of $45.84 and a 200 day moving average price of $45.63. iShares MSCI New Zealand ETF has a fifty-two week low of $41.69 and a fifty-two week high of $49.04. The firm has a market capitalization of $64.97 million, a PE ratio of 41.58 and a beta of 0.91.

About iShares MSCI New Zealand ETF

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.