Short Interest in iShares MSCI New Zealand ETF (NASDAQ:ENZL) Rises By 103.0%

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 81,108 shares, a growth of 103.0% from the May 14th total of 39,950 shares. Based on an average trading volume of 38,565 shares, the short-interest ratio is presently 2.1 days. Currently, 5.1% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new position in iShares MSCI New Zealand ETF in the third quarter valued at $28,000. Abound Financial LLC bought a new stake in shares of iShares MSCI New Zealand ETF during the 4th quarter worth about $53,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of iShares MSCI New Zealand ETF during the 1st quarter worth about $85,000. Sunpointe LLC bought a new stake in shares of iShares MSCI New Zealand ETF during the 4th quarter worth about $212,000. Finally, Royal Bank of Canada boosted its holdings in shares of iShares MSCI New Zealand ETF by 15.3% during the 1st quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock worth $212,000 after buying an additional 662 shares during the period.

iShares MSCI New Zealand ETF Trading Down 1.8%

ENZL traded down $0.84 on Monday, hitting $45.16. 55,468 shares of the stock traded hands, compared to its average volume of 37,527. The firm has a market capitalization of $72.26 million, a PE ratio of 41.58 and a beta of 0.89. The business has a fifty day moving average price of $44.70 and a two-hundred day moving average price of $45.34. iShares MSCI New Zealand ETF has a 52 week low of $41.69 and a 52 week high of $48.24.

iShares MSCI New Zealand ETF Company Profile

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.