iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Large Decrease in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 5,773 shares, a decline of 53.3% from the July 30th total of 12,372 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.6% of the company’s stock are short sold.

iShares MSCI Ireland ETF Stock Performance

Shares of iShares MSCI Ireland ETF stock traded down $0.59 during midday trading on Friday, hitting $82.86. The company had a trading volume of 2,144 shares, compared to its average volume of 9,741. iShares MSCI Ireland ETF has a 52-week low of $65.73 and a 52-week high of $84.45. The stock has a market capitalization of $78.72 million, a P/E ratio of 12.65 and a beta of 0.95. The company has a 50 day moving average of $80.37 and a 200 day moving average of $75.53.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Several hedge funds have recently added to or reduced their stakes in EIRL. Matthew Goff Investment Advisor LLC bought a new position in shares of iShares MSCI Ireland ETF during the first quarter valued at $30,316,000. Marotta Asset Management increased its stake in iShares MSCI Ireland ETF by 2.9% during the 1st quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock valued at $11,300,000 after purchasing an additional 4,627 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in iShares MSCI Ireland ETF by 6.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 61,176 shares of the company’s stock valued at $4,810,000 after purchasing an additional 3,498 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in iShares MSCI Ireland ETF by 138.8% in the third quarter. Flow Traders U.S. LLC now owns 27,954 shares of the company’s stock worth $1,886,000 after buying an additional 16,246 shares during the last quarter. Finally, Equitable Holdings Inc. raised its holdings in iShares MSCI Ireland ETF by 4.3% in the fourth quarter. Equitable Holdings Inc. now owns 19,300 shares of the company’s stock worth $1,419,000 after buying an additional 800 shares during the last quarter.

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.