Short Interest in iShares MSCI Philippines ETF (NYSEARCA:EPHE) Rises By 93.1%

iShares MSCI Philippines ETF (NYSEARCA:EPHE) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 570,948 shares, a growth of 93.1% from the May 14th total of 295,722 shares. Based on an average daily volume of 107,648 shares, the days-to-cover ratio is currently 5.3 days. Approximately 10.7% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares MSCI Philippines ETF

Several 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 in the 4th quarter valued at $3,030,000. Man Group plc acquired a new position in iShares MSCI Philippines ETF in the 2nd quarter valued at $1,657,000. Royal Bank of Canada raised its holdings in iShares MSCI Philippines ETF by 3,416.6% in the 1st quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock valued at $1,423,000 after acquiring an additional 54,665 shares in the last quarter. Cresset Asset Management LLC acquired a new position in iShares MSCI Philippines ETF in the 3rd quarter valued at $556,000. Finally, Susquehanna International Group LLP acquired a new position in iShares MSCI Philippines ETF in the 3rd quarter valued at $352,000.

iShares MSCI Philippines ETF Price Performance

NYSEARCA:EPHE traded down $0.12 during trading hours on Tuesday, reaching $26.02. 105,755 shares of the company were exchanged, compared to its average volume of 147,440. The business has a 50 day moving average of $24.81 and a 200 day moving average of $25.38. iShares MSCI Philippines ETF has a 1-year low of $23.17 and a 1-year high of $28.40. The company has a market capitalization of $139.21 million, a P/E ratio of 10.44 and a beta of 0.56.

iShares MSCI Philippines ETF Company Profile

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.