iShares MSCI Ireland ETF (NYSEARCA:EIRL) Short Interest Up 115.6% in May
by Scott Moore · The Cerbat GemiShares MSCI Ireland ETF (NYSEARCA:EIRL – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 845 shares, an increase of 115.6% from the April 30th total of 392 shares. Based on an average daily trading volume, of 2,490 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.
iShares MSCI Ireland ETF Price Performance
iShares MSCI Ireland ETF stock traded down $0.18 during trading on Friday, reaching $76.03. 16,773 shares of the company were exchanged, compared to its average volume of 6,948. iShares MSCI Ireland ETF has a 52-week low of $64.50 and a 52-week high of $77.20. The company has a market capitalization of $72.23 million, a P/E ratio of 12.65 and a beta of 0.96. The stock’s 50 day simple moving average is $72.10 and its two-hundred day simple moving average is $72.57.
Hedge Funds Weigh In On iShares MSCI Ireland ETF
A number of institutional investors have recently added to or reduced their stakes in EIRL. Raymond James Financial Inc. purchased a new position in iShares MSCI Ireland ETF during the second quarter worth approximately $145,000. Osaic Holdings Inc. lifted its position in iShares MSCI Ireland ETF by 30.4% during the second quarter. Osaic Holdings Inc. now owns 9,125 shares of the company’s stock worth $612,000 after buying an additional 2,126 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in iShares MSCI Ireland ETF by 10.2% during the third quarter. TD Waterhouse Canada Inc. now owns 47,794 shares of the company’s stock worth $3,265,000 after buying an additional 4,424 shares in the last quarter. Wealthfront Advisers LLC lifted its position in iShares MSCI Ireland ETF by 10.9% during the third quarter. Wealthfront Advisers LLC now owns 4,530 shares of the company’s stock worth $306,000 after buying an additional 447 shares in the last quarter. Finally, UBS Group AG raised its position in iShares MSCI Ireland ETF by 47.6% in the third quarter. UBS Group AG now owns 8,612 shares of the company’s stock valued at $581,000 after purchasing an additional 2,779 shares during the period.
iShares MSCI Ireland ETF Company Profile
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.