iShares MSCI New Zealand ETF (NASDAQ:ENZL) Sees Large Increase in Short Interest

iShares MSCI New Zealand ETF (NASDAQ:ENZL) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 13,000 shares, a growth of 100.0% from the October 31st total of 6,500 shares. Based on an average trading volume of 21,400 shares, the short-interest ratio is presently 0.6 days.

iShares MSCI New Zealand ETF Trading Down 0.3 %

NASDAQ ENZL traded down $0.16 during trading on Friday, hitting $48.81. 4,190 shares of the company traded hands, compared to its average volume of 12,930. The company has a market capitalization of $95.18 million, a P/E ratio of 17.63 and a beta of 0.86. iShares MSCI New Zealand ETF has a 12 month low of $43.86 and a 12 month high of $50.41. The business has a fifty day simple moving average of $48.31 and a 200 day simple moving average of $47.33.

Institutional Investors Weigh In On iShares MSCI New Zealand ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted its position in iShares MSCI New Zealand ETF by 793.3% during the first quarter. Jane Street Group LLC now owns 161,797 shares of the company’s stock valued at $7,360,000 after acquiring an additional 143,685 shares during the last quarter. AMG National Trust Bank bought a new stake in shares of iShares MSCI New Zealand ETF during the 2nd quarter valued at about $1,445,000. &PARTNERS bought a new stake in shares of iShares MSCI New Zealand ETF during the 2nd quarter valued at about $878,000. Sunbelt Securities Inc. acquired a new stake in iShares MSCI New Zealand ETF during the third quarter worth approximately $461,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in iShares MSCI New Zealand ETF in the third quarter worth approximately $400,000.

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.