Short Interest in VanEck Israel ETF (NYSEARCA:ISRA) Drops By 60.0%

VanEck Israel ETF (NYSEARCA:ISRA) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 11,559 shares, a decline of 60.0% from the May 14th total of 28,899 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 7,260 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On VanEck Israel ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ISRA. Northwestern Mutual Wealth Management Co. grew its position in shares of VanEck Israel ETF by 8,950.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,183 shares of the company’s stock valued at $2,363,000 after purchasing an additional 39,739 shares in the last quarter. Royal Bank of Canada lifted its holdings in VanEck Israel ETF by 42.9% during the 1st quarter. Royal Bank of Canada now owns 1,699 shares of the company’s stock worth $103,000 after purchasing an additional 510 shares in the last quarter. IMA Advisory Services Inc. lifted its holdings in VanEck Israel ETF by 0.8% during the 1st quarter. IMA Advisory Services Inc. now owns 61,616 shares of the company’s stock worth $3,721,000 after purchasing an additional 517 shares in the last quarter. Ascent Advisors LLC bought a new position in VanEck Israel ETF in the 1st quarter worth about $4,949,000. Finally, Common Fund For Nonprofit Organizations grew its holdings in VanEck Israel ETF by 1.4% during the 4th quarter. Common Fund For Nonprofit Organizations now owns 18,518 shares of the company’s stock valued at $1,089,000 after buying an additional 263 shares in the last quarter.

VanEck Israel ETF Price Performance

Shares of NYSEARCA ISRA traded up $0.67 during trading on Friday, reaching $66.98. 2,683 shares of the stock traded hands, compared to its average volume of 9,710. The stock has a market capitalization of $152.71 million, a P/E ratio of 14.88 and a beta of 1.00. VanEck Israel ETF has a 52-week low of $46.00 and a 52-week high of $73.55. The company has a 50-day moving average of $66.65 and a 200-day moving average of $63.34.

About VanEck Israel ETF

The VanEck Israel ETF (ISRA) is an exchange-traded fund that is based on the BlueStar Israel Global index. The fund tracks a cap-weighted, committee-reviewed index of Israeli and Israeli-linked companies. ISRA was launched on Jun 25, 2013 and is managed by VanEck.