iShares MSCI Poland ETF (NYSEARCA:EPOL) Sees Large Decline in Short Interest

iShares MSCI Poland ETF (NYSEARCA:EPOL) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 426,143 shares, a decrease of 73.9% from the October 15th total of 1,635,109 shares. Based on an average daily volume of 236,455 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.8% of the shares of the stock are sold short.

iShares MSCI Poland ETF Price Performance

Shares of NYSEARCA:EPOL opened at $43.62 on Thursday. The firm has a fifty day moving average price of $44.24 and a two-hundred day moving average price of $40.64. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 12.67 and a beta of 1.02. iShares MSCI Poland ETF has a one year low of $32.51 and a one year high of $46.03.

Hedge Funds Weigh In On iShares MSCI Poland ETF

A number of institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. bought a new position in iShares MSCI Poland ETF in the 3rd quarter worth about $27,000. Accordant Advisory Group Inc bought a new stake in shares of iShares MSCI Poland ETF during the 3rd quarter valued at about $53,000. Farther Finance Advisors LLC bought a new stake in shares of iShares MSCI Poland ETF during the 3rd quarter valued at about $56,000. Parallel Advisors LLC purchased a new position in shares of iShares MSCI Poland ETF during the third quarter worth about $56,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of iShares MSCI Poland ETF during the first quarter worth about $57,000.

About iShares MSCI Poland ETF

The iShares MSCI Poland ETF (EPOL) is an exchange-traded fund that is based on the MSCI Poland IMI 25-50 index, a market-cap-weighted index of the broader Polish equity market. EPOL was launched on May 25, 2010 and is managed by BlackRock.