iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Significant Decline in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,281 shares, a decrease of 70.2% from the September 15th total of 7,656 shares. Based on an average daily volume of 3,014 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

iShares MSCI Ireland ETF Stock Up 1.7%

Shares of iShares MSCI Ireland ETF stock opened at $79.87 on Wednesday. iShares MSCI Ireland ETF has a 12-month low of $65.85 and a 12-month high of $85.56. The company has a market capitalization of $75.88 million, a price-to-earnings ratio of 12.65 and a beta of 0.94. The firm’s 50-day moving average price is $82.46 and its two-hundred day moving average price is $77.98.

Institutional Trading of iShares MSCI Ireland ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wealthfront Advisers LLC increased its stake in iShares MSCI Ireland ETF by 5.0% in the first quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock valued at $323,000 after acquiring an additional 224 shares during the last quarter. Global Endowment Management LP acquired a new position in iShares MSCI Ireland ETF during the fourth quarter valued at approximately $1,103,000. TD Waterhouse Canada Inc. lifted its stake in iShares MSCI Ireland ETF by 6.1% during the second quarter. TD Waterhouse Canada Inc. now owns 61,176 shares of the company’s stock worth $4,810,000 after purchasing an additional 3,498 shares during the last quarter. Marotta Asset Management lifted its stake in iShares MSCI Ireland ETF by 2.9% during the first quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock worth $11,300,000 after purchasing an additional 4,627 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC bought a new stake in iShares MSCI Ireland ETF during the first quarter worth $30,316,000.

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.