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

iShares MSCI Ireland ETF (NYSEARCA:EIRL) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,393 shares, a decrease of 41.2% from the August 15th total of 5,773 shares. Based on an average daily trading volume, of 3,117 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EIRL. Matthew Goff Investment Advisor LLC acquired a new stake in iShares MSCI Ireland ETF during the first quarter worth approximately $30,316,000. Marotta Asset Management lifted its stake in iShares MSCI Ireland ETF by 2.9% in the first quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock valued at $11,300,000 after buying an additional 4,627 shares during the period. TD Waterhouse Canada Inc. lifted its stake in iShares MSCI Ireland ETF by 6.1% in the second quarter. TD Waterhouse Canada Inc. now owns 61,176 shares of the company’s stock valued at $4,810,000 after buying an additional 3,498 shares during the period. Global Endowment Management LP bought a new position in shares of iShares MSCI Ireland ETF during the 4th quarter worth approximately $1,103,000. Finally, Wealthfront Advisers LLC boosted its holdings in shares of iShares MSCI Ireland ETF by 5.0% during the 1st quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock worth $323,000 after buying an additional 224 shares in the last quarter.

iShares MSCI Ireland ETF Trading Up 0.4%

EIRL stock traded up $0.30 during midday trading on Wednesday, hitting $83.22. The stock had a trading volume of 1,432 shares, compared to its average volume of 9,361. The firm has a market cap of $4.99 million, a P/E ratio of 12.65 and a beta of 0.95. iShares MSCI Ireland ETF has a 1-year low of $65.73 and a 1-year high of $85.56. The business has a fifty day moving average price of $81.64 and a two-hundred day moving average price of $76.40.

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.