iShares MSCI New Zealand ETF (NASDAQ:ENZL) Shares Shorted: Short Interest Down 43.3% in October

iShares MSCI New Zealand ETF (NASDAQ:ENZL) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,064 shares, a drop of 43.3% from the September 30th total of 12,464 shares. Based on an average trading volume of 10,515 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares MSCI New Zealand ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. grew its stake in shares of iShares MSCI New Zealand ETF by 13.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 101,746 shares of the company’s stock worth $4,537,000 after acquiring an additional 12,073 shares in the last quarter. Trek Financial LLC bought a new stake in iShares MSCI New Zealand ETF in the 3rd quarter valued at $1,320,000. USA Financial Formulas bought a new position in shares of iShares MSCI New Zealand ETF during the third quarter worth approximately $286,000. Farther Finance Advisors LLC increased its position in shares of iShares MSCI New Zealand ETF by 66.3% in the third quarter. Farther Finance Advisors LLC now owns 1,380 shares of the company’s stock worth $62,000 after purchasing an additional 550 shares during the period. Finally, Royal Bank of Canada raised its position in shares of iShares MSCI New Zealand ETF by 15.3% in the 1st quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock valued at $212,000 after buying an additional 662 shares in the last quarter.

iShares MSCI New Zealand ETF Trading Up 0.6%

ENZL stock traded up $0.28 during trading on Friday, hitting $44.81. The company had a trading volume of 13,729 shares, compared to its average volume of 50,915. The company has a fifty day moving average price of $45.84 and a two-hundred day moving average price of $45.63. iShares MSCI New Zealand ETF has a fifty-two week low of $41.69 and a fifty-two week high of $49.04. The company has a market cap of $64.97 million, a P/E ratio of 41.58 and a beta of 0.91.

About iShares MSCI New Zealand ETF

The iShares MSCI New Zealand ETF (ENZL) is an exchange-traded fund that is based on the MSCI New Zeland IMI 25-50 index. The fund tracks the performance of a market-cap-weighted index of equity securities in the top 99% of the New Zealand equity market. ENZL was launched on Sep 1, 2010 and is managed by BlackRock.