Short Interest in iShares MSCI Philippines ETF (NYSEARCA:EPHE) Expands By 30.9%

iShares MSCI Philippines ETF (NYSEARCA:EPHE) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 573,571 shares, a growth of 30.9% from the December 15th total of 438,136 shares. Currently, 11.7% of the shares of the company are sold short. Based on an average daily volume of 97,597 shares, the short-interest ratio is currently 5.9 days. Based on an average daily volume of 97,597 shares, the short-interest ratio is currently 5.9 days. Currently, 11.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial Inc. acquired a new position in iShares MSCI Philippines ETF in the 2nd quarter valued at about $7,566,000. Man Group plc acquired a new position in shares of iShares MSCI Philippines ETF in the second quarter valued at approximately $1,657,000. Royal Bank of Canada lifted its stake in shares of iShares MSCI Philippines ETF by 3,416.6% during the first quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock valued at $1,423,000 after buying an additional 54,665 shares during the period. Florin Court Capital LLP purchased a new position in shares of iShares MSCI Philippines ETF during the second quarter valued at approximately $877,000. Finally, Mount Lucas Management LP acquired a new stake in iShares MSCI Philippines ETF during the second quarter worth approximately $872,000.

iShares MSCI Philippines ETF Stock Up 0.2%

Shares of NYSEARCA EPHE traded up $0.04 during trading on Monday, hitting $26.42. The company had a trading volume of 107,934 shares, compared to its average volume of 149,912. The firm has a market capitalization of $153.24 million, a price-to-earnings ratio of 10.44 and a beta of 0.61. The stock has a fifty day simple moving average of $24.97 and a two-hundred day simple moving average of $25.56. iShares MSCI Philippines ETF has a fifty-two week low of $23.08 and a fifty-two week high of $28.20.

iShares MSCI Philippines ETF Company Profile

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.