iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Significant Decline in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 12,511 shares, a drop of 43.2% from the February 26th total of 22,032 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 14,371 shares, the short-interest ratio is presently 0.9 days.

iShares MSCI Ireland ETF Stock Down 1.0%

Shares of iShares MSCI Ireland ETF stock traded down $0.70 during trading on Friday, reaching $66.88. The company’s stock had a trading volume of 2,214 shares, compared to its average volume of 9,324. The business’s 50-day moving average price is $72.39 and its 200-day moving average price is $70.98. The firm has a market cap of $63.54 million, a PE ratio of 12.65 and a beta of 1.02. iShares MSCI Ireland ETF has a 52 week low of $53.51 and a 52 week high of $77.20.

Institutional Trading of iShares MSCI Ireland ETF

A number of institutional investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new position in shares of iShares MSCI Ireland ETF during the second quarter worth approximately $133,000. Sepio Capital LP boosted its stake in shares of iShares MSCI Ireland ETF by 1.9% in the second quarter. Sepio Capital LP now owns 17,716 shares of the company’s stock valued at $1,188,000 after buying an additional 330 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares MSCI Ireland ETF during the second quarter worth approximately $145,000. Osaic Holdings Inc. grew 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. Finally, Brookstone Capital Management increased its stake in iShares MSCI Ireland ETF by 26.9% during the 3rd quarter. Brookstone Capital Management now owns 8,089 shares of the company’s stock worth $546,000 after acquiring an additional 1,714 shares during the period.

About iShares MSCI Ireland ETF

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.