iShares MSCI Israel ETF (NYSEARCA:EIS) Short Interest Up 46.2% in February

iShares MSCI Israel ETF (NYSEARCA:EIS) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 106,158 shares, an increase of 46.2% from the January 29th total of 72,604 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 136,734 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 136,734 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.6% of the shares of the stock are sold short.

iShares MSCI Israel ETF Price Performance

NYSEARCA EIS traded down $0.03 on Friday, reaching $118.78. 77,873 shares of the company’s stock traded hands, compared to its average volume of 144,410. The stock has a market cap of $766.13 million, a PE ratio of 13.79 and a beta of 1.03. iShares MSCI Israel ETF has a 12 month low of $67.96 and a 12 month high of $124.53. The stock has a 50-day simple moving average of $118.14 and a 200 day simple moving average of $106.40.

Hedge Funds Weigh In On iShares MSCI Israel ETF

A number of large investors have recently added to or reduced their stakes in EIS. Sunbelt Securities Inc. purchased a new stake in iShares MSCI Israel ETF during the fourth quarter valued at about $339,000. Corient Private Wealth LLC bought a new stake in shares of iShares MSCI Israel ETF in the 4th quarter valued at about $356,000. Beacon Pointe Advisors LLC boosted its holdings in iShares MSCI Israel ETF by 97.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 6,468 shares of the company’s stock valued at $712,000 after acquiring an additional 3,189 shares during the period. KKM Financial LLC boosted its holdings in iShares MSCI Israel ETF by 15.4% during the 4th quarter. KKM Financial LLC now owns 3,999 shares of the company’s stock valued at $440,000 after acquiring an additional 534 shares during the period. Finally, VestGen Advisors LLC bought a new position in iShares MSCI Israel ETF during the 4th quarter worth approximately $2,606,000.

iShares MSCI Israel ETF Company Profile

The iShares MSCI Israel ETF (EIS) is an exchange-traded fund that is based on the MSCI Israel Capped index, a market-cap-weighted index of Israeli firms. EIS was launched on Mar 26, 2008 and is managed by BlackRock.