Short Interest in iShares MSCI Israel ETF (NYSEARCA:EIS) Expands By 57.1%

iShares MSCI Israel ETF (NYSEARCA:EIS) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 176,430 shares, an increase of 57.1% from the February 26th total of 112,335 shares. Based on an average daily volume of 287,559 shares, the short-interest ratio is presently 0.6 days. Approximately 2.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares MSCI Israel ETF

Hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC acquired a new position in iShares MSCI Israel ETF during the 4th quarter worth approximately $26,000. Ameritas Advisory Services LLC acquired a new stake in iShares MSCI Israel ETF in the third quarter valued at approximately $25,000. Princeton Global Asset Management LLC grew its stake in shares of iShares MSCI Israel ETF by 49.8% during the third quarter. Princeton Global Asset Management LLC now owns 301 shares of the company’s stock worth $30,000 after buying an additional 100 shares during the last quarter. Triumph Capital Management bought a new stake in shares of iShares MSCI Israel ETF during the third quarter worth $37,000. Finally, AlphaCore Capital LLC acquired a new position in shares of iShares MSCI Israel ETF during the third quarter worth $40,000.

iShares MSCI Israel ETF Price Performance

Shares of EIS stock traded down $4.66 on Friday, hitting $113.89. 627,095 shares of the company’s stock were exchanged, compared to its average volume of 171,860. The company has a 50 day moving average of $120.93 and a 200 day moving average of $110.32. The stock has a market cap of $734.59 million, a P/E ratio of 13.79 and a beta of 1.03. iShares MSCI Israel ETF has a 12 month low of $67.96 and a 12 month high of $127.14.

About iShares MSCI Israel ETF

The iShares MSCI Israel ETF (EIS) is an exchange-traded fund that is based on the MSCI Israel Capped index, a market-cap-weighted index of Israeli firms. EIS was launched on Mar 26, 2008 and is managed by BlackRock.