iShares MSCI Indonesia ETF (NYSEARCA:EIDO – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,074,769 shares, an increase of 163.8% from the October 15th total of 1,544,787 shares. Based on an average trading volume of 3,535,386 shares, the days-to-cover ratio is currently 1.2 days. Approximately 10.7% of the company’s shares are short sold.
iShares MSCI Indonesia ETF Price Performance
Shares of iShares MSCI Indonesia ETF stock traded up $0.12 during trading on Friday, hitting $10.59. The stock had a trading volume of 577,474 shares, compared to its average volume of 1,308,320. The firm’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $13.62. The stock has a market cap of $422.87 million, a PE ratio of 7.52 and a beta of 0.32. iShares MSCI Indonesia ETF has a 12 month low of $9.61 and a 12 month high of $19.28.
Institutional Trading of iShares MSCI Indonesia ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC bought a new stake in iShares MSCI Indonesia ETF in the third quarter worth about $27,000. Investors Research Corp purchased a new position in shares of iShares MSCI Indonesia ETF during the second quarter valued at approximately $50,000. Inscription Capital LLC bought a new position in shares of iShares MSCI Indonesia ETF during the third quarter valued at approximately $52,000. Chancellor Financial Group WB LP bought a new position in shares of iShares MSCI Indonesia ETF during the third quarter valued at approximately $54,000. Finally, Symphony Financial Ltd. Co. bought a new position in shares of iShares MSCI Indonesia ETF during the second quarter valued at approximately $60,000.
About iShares MSCI Indonesia ETF
The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.
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