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

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

iShares MSCI Israel ETF Stock Performance

NYSEARCA:EIS traded down $0.11 during mid-day trading on Wednesday, hitting $120.60. The stock had a trading volume of 97,267 shares, compared to its average volume of 137,693. iShares MSCI Israel ETF has a twelve month low of $87.00 and a twelve month high of $138.85. The stock has a market cap of $904.50 million, a price-to-earnings ratio of 13.79 and a beta of 1.03. The company’s 50 day simple moving average is $128.65 and its 200 day simple moving average is $122.38.

Institutional Trading of iShares MSCI Israel ETF

Several institutional investors and hedge funds have recently bought and sold shares of EIS. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $66,022,000 after acquiring an additional 599,625 shares during the period. Korea Investment CORP lifted its holdings in iShares MSCI Israel ETF by 130.9% during the 3rd quarter. Korea Investment CORP now owns 410,232 shares of the company’s stock valued at $41,146,000 after purchasing an additional 232,559 shares during the last quarter. Jane Street Group LLC acquired a new stake in iShares MSCI Israel ETF during the 1st quarter valued at $5,684,000. Wealth High Governance Capital Ltda bought a new position in iShares MSCI Israel ETF during the third quarter worth $6,018,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in iShares MSCI Israel ETF during the third quarter worth $4,012,000.

iShares MSCI Israel ETF Company Profile

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.