iShares MSCI Israel ETF (NYSEARCA:EIS) Sees Significant Decline in Short Interest

iShares MSCI Israel ETF (NYSEARCA:EIS) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 187,798 shares, a drop of 40.0% from the May 31st total of 313,079 shares. Based on an average daily trading volume, of 110,779 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.5% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI Israel ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning grew its stake in shares of iShares MSCI Israel ETF by 3.5% in the 3rd quarter. Creative Planning now owns 2,976 shares of the company’s stock worth $298,000 after buying an additional 100 shares in the last quarter. Princeton Global Asset Management LLC raised its position in shares of iShares MSCI Israel ETF by 41.3% during the 1st quarter. Princeton Global Asset Management LLC now owns 428 shares of the company’s stock valued at $50,000 after buying an additional 125 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI Israel ETF by 5.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,061 shares of the company’s stock valued at $307,000 after acquiring an additional 147 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of iShares MSCI Israel ETF by 5.7% in the 1st quarter. International Assets Investment Management LLC now owns 2,777 shares of the company’s stock valued at $329,000 after acquiring an additional 150 shares during the last quarter. Finally, Stifel Financial Corp grew its position in iShares MSCI Israel ETF by 2.4% in the fourth quarter. Stifel Financial Corp now owns 6,603 shares of the company’s stock worth $727,000 after acquiring an additional 152 shares in the last quarter.

iShares MSCI Israel ETF Price Performance

Shares of iShares MSCI Israel ETF stock remained flat at $120.48 on Friday. 234,701 shares of the stock traded hands, compared to its average volume of 138,469. iShares MSCI Israel ETF has a 52-week low of $87.00 and a 52-week high of $138.85. The company’s 50 day moving average price is $128.53 and its 200-day moving average price is $122.45. The firm has a market cap of $897.58 million, a PE ratio of 13.79 and a beta of 1.05.

iShares MSCI Israel ETF Company Profile

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.