Short Interest in VanEck Israel ETF (NYSEARCA:ISRA) Increases By 24.8%

VanEck Israel ETF (NYSEARCA:ISRA) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 42,814 shares, an increase of 24.8% from the January 15th total of 34,301 shares. Based on an average daily volume of 10,211 shares, the days-to-cover ratio is currently 4.2 days. Currently, 2.0% of the shares of the stock are sold short. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 10,211 shares, the days-to-cover ratio is currently 4.2 days.

VanEck Israel ETF Price Performance

Shares of VanEck Israel ETF stock traded down $0.38 during trading on Monday, hitting $63.90. The stock had a trading volume of 8,639 shares, compared to its average volume of 12,588. The business has a fifty day moving average of $61.67 and a two-hundred day moving average of $56.44. VanEck Israel ETF has a fifty-two week low of $38.24 and a fifty-two week high of $65.54. The firm has a market cap of $135.47 million, a P/E ratio of 14.88 and a beta of 1.01.

Institutional Investors Weigh In On VanEck Israel ETF

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in VanEck Israel ETF by 18.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock worth $66,000 after buying an additional 187 shares during the period. IMA Advisory Services Inc. increased its position in shares of VanEck Israel ETF by 0.5% in the second quarter. IMA Advisory Services Inc. now owns 74,883 shares of the company’s stock worth $3,878,000 after acquiring an additional 386 shares in the last quarter. IFP Advisors Inc boosted its stake in VanEck Israel ETF by 241.9% in the 4th quarter. IFP Advisors Inc now owns 653 shares of the company’s stock worth $38,000 after purchasing an additional 462 shares during the period. Bank of America Corp DE grew its position in VanEck Israel ETF by 3.4% during the 3rd quarter. Bank of America Corp DE now owns 13,918 shares of the company’s stock worth $760,000 after purchasing an additional 462 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. raised its stake in VanEck Israel ETF by 6.2% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 11,371 shares of the company’s stock valued at $669,000 after purchasing an additional 660 shares during the period.

About VanEck Israel ETF

The VanEck Israel ETF (ISRA) is an exchange-traded fund that is based on the BlueStar Israel Global index. The fund tracks a cap-weighted, committee-reviewed index of Israeli and Israeli-linked companies. ISRA was launched on Jun 25, 2013 and is managed by VanEck.