Short Interest in iShares MSCI Philippines ETF (NYSEARCA:EPHE) Increases By 458.3%

iShares MSCI Philippines ETF (NYSEARCA:EPHE) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 609,848 shares, an increase of 458.3% from the February 26th total of 109,236 shares. Approximately 10.0% of the company’s stock are sold short. Based on an average daily trading volume, of 316,676 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On iShares MSCI Philippines ETF

A number of institutional investors have recently modified their holdings of EPHE. Sun Life Financial Inc. bought a new position in shares of iShares MSCI Philippines ETF in the 2nd quarter worth $7,566,000. Graham Capital Management L.P. bought a new stake in iShares MSCI Philippines ETF during the 4th quarter valued at $3,030,000. Man Group plc acquired a new position in iShares MSCI Philippines ETF during the second quarter worth $1,657,000. Royal Bank of Canada raised its holdings in iShares MSCI Philippines ETF by 3,416.6% during the first quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock worth $1,423,000 after buying an additional 54,665 shares during the last quarter. Finally, Cresset Asset Management LLC bought a new position in shares of iShares MSCI Philippines ETF in the third quarter valued at $556,000.

iShares MSCI Philippines ETF Trading Down 1.8%

EPHE stock traded down $0.44 during trading on Thursday, reaching $24.56. 155,822 shares of the stock were exchanged, compared to its average volume of 187,540. The firm’s 50 day moving average is $26.17 and its 200 day moving average is $25.47. iShares MSCI Philippines ETF has a twelve month low of $23.17 and a twelve month high of $28.40. The firm has a market cap of $149.82 million, a P/E ratio of 10.44 and a beta of 0.61.

About iShares MSCI Philippines ETF

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.