VanEck Israel ETF (NYSEARCA:ISRA) Short Interest Down 60.0% in May
by Renee Jackson · The Cerbat GemVanEck Israel ETF (NYSEARCA:ISRA – Get Free Report) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 11,559 shares, a drop of 60.0% from the May 14th total of 28,899 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 7,260 shares, the days-to-cover ratio is presently 1.6 days.
VanEck Israel ETF Price Performance
Shares of NYSEARCA ISRA traded up $0.67 during mid-day trading on Friday, hitting $66.98. 2,683 shares of the stock traded hands, compared to its average volume of 9,710. VanEck Israel ETF has a twelve month low of $46.00 and a twelve month high of $73.55. The company has a market cap of $152.71 million, a PE ratio of 14.88 and a beta of 1.00. The firm has a 50 day simple moving average of $66.65 and a two-hundred day simple moving average of $63.34.
Hedge Funds Weigh In On VanEck Israel ETF
Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in shares of VanEck Israel ETF by 1,095.7% in the first quarter. Jones Financial Companies Lllp now owns 12,973 shares of the company’s stock worth $547,000 after purchasing an additional 11,888 shares during the period. Jane Street Group LLC boosted its position in VanEck Israel ETF by 203.6% during the first quarter. Jane Street Group LLC now owns 21,494 shares of the company’s stock valued at $907,000 after buying an additional 14,415 shares during the period. Cetera Investment Advisers purchased a new stake in VanEck Israel ETF during the second quarter valued at about $220,000. Bank of America Corp DE boosted its position in VanEck Israel ETF by 19.0% during the second quarter. Bank of America Corp DE now owns 13,456 shares of the company’s stock valued at $697,000 after buying an additional 2,151 shares during the period. Finally, Tidal Investments LLC boosted its position in VanEck Israel ETF by 5.3% during the second quarter. Tidal Investments LLC now owns 51,144 shares of the company’s stock valued at $2,651,000 after buying an additional 2,563 shares during the period.
VanEck Israel ETF Company Profile
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.