iShares MSCI Ireland ETF (NYSEARCA:EIRL) Shares Shorted: Short Interest Down 70.2% in September

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

Hedge Funds Weigh In On iShares MSCI Ireland ETF

A number of institutional investors have recently modified their holdings of the stock. Wealthfront Advisers LLC boosted its holdings in shares of 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 purchasing an additional 224 shares during the period. Global Endowment Management LP bought a new position in iShares MSCI Ireland ETF in the fourth quarter worth approximately $1,103,000. TD Waterhouse Canada Inc. grew its stake in iShares MSCI Ireland ETF by 6.1% in 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 in the last quarter. Marotta Asset Management increased its holdings in iShares MSCI Ireland ETF by 2.9% during the 1st 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 period. Finally, Matthew Goff Investment Advisor LLC purchased a new position in iShares MSCI Ireland ETF during the 1st quarter worth $30,316,000.

iShares MSCI Ireland ETF Trading Up 1.7%

Shares of NYSEARCA EIRL traded up $1.31 during mid-day trading on Tuesday, reaching $79.87. The company had a trading volume of 1,462 shares, compared to its average volume of 8,801. iShares MSCI Ireland ETF has a 52 week low of $65.85 and a 52 week high of $85.56. The business’s 50-day moving average is $82.46 and its 200-day moving average is $77.98. The stock has a market cap of $75.88 million, a price-to-earnings ratio of 12.65 and a beta of 0.94.

About iShares MSCI Ireland ETF

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.