iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Large Decline in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 5,773 shares, a drop of 53.3% from the July 30th total of 12,372 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is currently 1.6 days.

iShares MSCI Ireland ETF Stock Down 0.7%

EIRL stock traded down $0.59 during trading hours on Friday, hitting $82.86. The company’s stock had a trading volume of 2,144 shares, compared to its average volume of 9,741. The company has a market capitalization of $78.72 million, a PE ratio of 12.65 and a beta of 0.95. iShares MSCI Ireland ETF has a 12 month low of $65.73 and a 12 month high of $84.45. The stock has a 50 day moving average price of $80.37 and a two-hundred day moving average price of $75.53.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in iShares MSCI Ireland ETF during the second quarter valued at about $145,000. Idaho Trust Co increased its holdings in shares of iShares MSCI Ireland ETF by 9.3% during the 4th quarter. Idaho Trust Co now owns 3,614 shares of the company’s stock valued at $266,000 after acquiring an additional 307 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of iShares MSCI Ireland ETF by 5.0% during the 1st quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock valued at $323,000 after acquiring an additional 224 shares during the last quarter. Capital Square LLC bought a new position in shares of iShares MSCI Ireland ETF in the 2nd quarter valued at approximately $798,000. Finally, UBS Group AG raised its stake in shares of iShares MSCI Ireland ETF by 47.6% in the 3rd quarter. UBS Group AG now owns 8,612 shares of the company’s stock valued at $581,000 after acquiring an additional 2,779 shares in the last quarter.

iShares MSCI Ireland ETF Company Profile

The iShares MSCI Ireland ETF (EIRL) is an exchange-traded fund that is based on the MSCI All Ireland Capped index, a market-cap-weighted index of Irish firms. EIRL was launched on May 5, 2010 and is managed by BlackRock.