iShares MSCI New Zealand ETF (NASDAQ:ENZL) Short Interest Up 34.5% in December

by · The Markets Daily

iShares MSCI New Zealand ETF (NASDAQ:ENZLGet Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 7,800 shares, a growth of 34.5% from the December 15th total of 5,800 shares. Based on an average daily volume of 12,500 shares, the short-interest ratio is presently 0.6 days.

iShares MSCI New Zealand ETF Stock Performance

Shares of NASDAQ ENZL traded down $0.22 during midday trading on Thursday, hitting $45.08. 2,416 shares of the company traded hands, compared to its average volume of 5,571. iShares MSCI New Zealand ETF has a 12-month low of $43.86 and a 12-month high of $50.41. The firm has a market cap of $76.64 million, a P/E ratio of 17.63 and a beta of 0.86. The stock has a 50-day moving average price of $46.46 and a 200 day moving average price of $47.35.

iShares MSCI New Zealand ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $0.6152 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ENZL. Fortitude Family Office LLC purchased a new stake in iShares MSCI New Zealand ETF in the fourth quarter worth $679,000. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares MSCI New Zealand ETF during the 3rd quarter valued at $400,000. Sunbelt Securities Inc. purchased a new stake in shares of iShares MSCI New Zealand ETF in the 3rd quarter worth about $461,000. L.M. Kohn & Company bought a new position in shares of iShares MSCI New Zealand ETF in the 3rd quarter worth about $271,000. Finally, Blue Trust Inc. lifted its position in iShares MSCI New Zealand ETF by 26.7% during the 3rd quarter. Blue Trust Inc. now owns 1,408 shares of the company’s stock valued at $64,000 after acquiring an additional 297 shares during the period.

About iShares MSCI New Zealand ETF

(Get Free Report)

The iShares MSCI New Zealand ETF (ENZL) is an exchange-traded fund that is based on the MSCI New Zeland IMI 25-50 index. The fund tracks the performance of a market-cap-weighted index of equity securities in the top 99% of the New Zealand equity market. ENZL was launched on Sep 1, 2010 and is managed by BlackRock.

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