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

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 3,393 shares, a drop of 41.2% from the August 15th total of 5,773 shares. Based on an average trading volume of 3,117 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are short sold.

iShares MSCI Ireland ETF Trading Down 0.1%

Shares of EIRL traded down $0.05 during trading hours on Thursday, reaching $83.17. 2,032 shares of the company’s stock traded hands, compared to its average volume of 9,319. The stock has a market cap of $4.99 million, a PE ratio of 12.65 and a beta of 0.95. The firm’s 50 day simple moving average is $81.72 and its 200-day simple moving average is $76.46. iShares MSCI Ireland ETF has a 12 month low of $65.73 and a 12 month high of $85.56.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Hedge funds have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. increased its holdings in shares of iShares MSCI Ireland ETF by 6.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 61,176 shares of the company’s stock worth $4,810,000 after buying an additional 3,498 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of iShares MSCI Ireland ETF by 5.0% during the first quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock valued at $323,000 after purchasing an additional 224 shares in the last quarter. Marotta Asset Management boosted its position in shares of iShares MSCI Ireland ETF by 2.9% during the first quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock valued at $11,300,000 after buying an additional 4,627 shares during the last quarter. Matthew Goff Investment Advisor LLC bought a new position in shares of iShares MSCI Ireland ETF in the first quarter worth about $30,316,000. Finally, Global Endowment Management LP bought a new stake in iShares MSCI Ireland ETF during the 4th quarter valued at approximately $1,103,000.

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.