Short Interest in iShares MSCI New Zealand ETF (NASDAQ:ENZL) Declines By 39.7%

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 48,907 shares, a decrease of 39.7% from the May 31st total of 81,108 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 66,968 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Abound Financial LLC acquired 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. acquired a new position in iShares MSCI New Zealand ETF in the 1st quarter valued at about $85,000. Royal Bank of Canada grew its stake in iShares MSCI New Zealand ETF by 15.3% in the 1st quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock valued at $212,000 after buying an additional 662 shares during the last quarter. Sunpointe LLC acquired a new position in iShares MSCI New Zealand ETF in the 4th quarter valued at about $212,000. Finally, AlphaCore Capital LLC bought a new position in iShares MSCI New Zealand ETF in the 4th quarter valued at about $283,000.

iShares MSCI New Zealand ETF Trading Down 0.1%

Shares of ENZL traded down $0.04 during mid-day trading on Wednesday, reaching $44.75. The company’s stock had a trading volume of 1,130 shares, compared to its average volume of 39,309. iShares MSCI New Zealand ETF has a 1-year low of $41.69 and a 1-year high of $48.24. The business has a 50-day simple moving average of $44.87 and a two-hundred day simple moving average of $45.25. The stock has a market cap of $71.60 million, a P/E ratio of 41.58 and a beta of 0.89.

iShares MSCI New Zealand ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.4368 per share. The ex-dividend date of this dividend was Monday, June 15th.

About iShares MSCI New Zealand ETF

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.