iShares MSCI Ireland ETF (NYSEARCA:EIRL) Short Interest Up 1,396.2% in July

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 14,244 shares, an increase of 1,396.2% from the June 30th total of 952 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,713 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Several hedge funds have recently added to or reduced their stakes in EIRL. Matthew Goff Investment Advisor LLC bought a new position in shares of iShares MSCI Ireland ETF during the 1st quarter valued at about $30,316,000. Marotta Asset Management lifted its position in iShares MSCI Ireland ETF by 2.9% in the 1st quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock worth $11,300,000 after buying an additional 4,627 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in iShares MSCI Ireland ETF by 9.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 52,115 shares of the company’s stock worth $3,822,000 after buying an additional 4,321 shares in the last quarter. Flow Traders U.S. LLC grew its position in iShares MSCI Ireland ETF by 138.8% during the third quarter. Flow Traders U.S. LLC now owns 27,954 shares of the company’s stock valued at $1,886,000 after acquiring an additional 16,246 shares during the last quarter. Finally, Equitable Holdings Inc. raised its stake in shares of iShares MSCI Ireland ETF by 4.3% during the fourth quarter. Equitable Holdings Inc. now owns 19,300 shares of the company’s stock worth $1,419,000 after acquiring an additional 800 shares in the last quarter.

iShares MSCI Ireland ETF Stock Up 0.7%

NYSEARCA:EIRL traded up $0.52 during midday trading on Friday, hitting $78.82. The company had a trading volume of 2,076 shares, compared to its average volume of 10,644. iShares MSCI Ireland ETF has a 52-week low of $64.70 and a 52-week high of $79.97. The stock’s fifty day moving average price is $77.45 and its 200-day moving average price is $74.22. The company has a market capitalization of $74.88 million, a PE ratio of 12.65 and a beta of 0.95.

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.