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

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 7,656 shares, an increase of 125.6% from the August 31st total of 3,393 shares. Based on an average daily volume of 4,049 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthfront Advisers LLC raised its holdings in iShares MSCI Ireland ETF by 5.0% during the first quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock worth $323,000 after purchasing an additional 224 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in iShares MSCI Ireland ETF by 6.1% in the second quarter. TD Waterhouse Canada Inc. now owns 61,176 shares of the company’s stock worth $4,810,000 after purchasing an additional 3,498 shares during the period. Marotta Asset Management boosted its stake in iShares MSCI Ireland ETF by 2.9% during the 1st quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock valued at $11,300,000 after purchasing an additional 4,627 shares in the last quarter. Global Endowment Management LP bought a new position in iShares MSCI Ireland ETF during the 4th quarter valued at $1,103,000. Finally, Matthew Goff Investment Advisor LLC acquired a new position in shares of iShares MSCI Ireland ETF during the 1st quarter valued at $30,316,000.

iShares MSCI Ireland ETF Trading Up 0.8%

EIRL traded up $0.67 on Monday, reaching $82.99. The company had a trading volume of 1,950 shares, compared to its average volume of 9,101. The company has a fifty day moving average of $82.20 and a 200-day moving average of $76.98. The company has a market capitalization of $78.84 million, a P/E ratio of 12.65 and a beta of 0.95. iShares MSCI Ireland ETF has a one year low of $65.85 and a one year high of $85.56.

About iShares MSCI Ireland ETF

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.