Short Interest in iShares MSCI Philippines ETF (NYSEARCA:EPHE) Declines By 51.3%

iShares MSCI Philippines ETF (NYSEARCA:EPHE) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 218,306 shares, a decrease of 51.3% from the June 15th total of 448,719 shares. Based on an average daily trading volume, of 155,263 shares, the days-to-cover ratio is presently 1.4 days. Approximately 4.2% of the company’s shares are short sold.

Institutional Trading of iShares MSCI Philippines ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPHE. Graham Capital Management L.P. acquired a new position in iShares MSCI Philippines ETF during the 4th quarter valued at about $3,030,000. Hsbc Holdings PLC grew its position in shares of iShares MSCI Philippines ETF by 9.8% during the 1st quarter. Hsbc Holdings PLC now owns 111,797 shares of the company’s stock worth $2,776,000 after buying an additional 9,982 shares during the period. Carrera Capital Advisors grew its position in shares of iShares MSCI Philippines ETF by 4.7% during the 4th quarter. Carrera Capital Advisors now owns 104,662 shares of the company’s stock worth $2,608,000 after buying an additional 4,726 shares during the period. Man Group plc bought a new stake in shares of iShares MSCI Philippines ETF during the second quarter worth approximately $1,657,000. Finally, Royal Bank of Canada raised its stake in shares of iShares MSCI Philippines ETF by 3,416.6% during the first quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock worth $1,423,000 after buying an additional 54,665 shares during the last quarter.

iShares MSCI Philippines ETF Price Performance

Shares of NYSEARCA EPHE traded up $0.25 during midday trading on Thursday, hitting $25.41. The stock had a trading volume of 69,913 shares, compared to its average volume of 146,534. The company’s 50-day simple moving average is $24.76 and its 200 day simple moving average is $25.38. The firm has a market cap of $128.32 million, a P/E ratio of 10.44 and a beta of 0.55. iShares MSCI Philippines ETF has a fifty-two week low of $23.17 and a fifty-two week high of $28.40.

About iShares MSCI Philippines ETF

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.