iShares MSCI Denmark ETF (BATS:EDEN) Shares Pass Below 200 Day Moving Average – Time to Sell?

iShares MSCI Denmark ETF (BATS:EDEN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €117.08 ($121.96) and traded as low as €109.12 ($113.67). iShares MSCI Denmark ETF shares last traded at €109.83 ($114.40), with a volume of 3,861 shares.

iShares MSCI Denmark ETF Trading Up 0.6 %

The firm’s 50 day moving average price is €106.97 and its two-hundred day moving average price is €117.05. The company has a market capitalization of $265.12 million, a P/E ratio of 13.77 and a beta of 0.79.

Hedge Funds Weigh In On iShares MSCI Denmark ETF

A number of large investors have recently modified their holdings of the business. Pictet North America Advisors SA acquired a new position in iShares MSCI Denmark ETF during the fourth quarter valued at approximately $7,936,000. Citadel Advisors LLC acquired a new stake in shares of iShares MSCI Denmark ETF in the 4th quarter valued at approximately $6,102,000. Wealthfront Advisers LLC acquired a new stake in shares of iShares MSCI Denmark ETF in the 4th quarter valued at approximately $6,060,000. Jane Street Group LLC grew its stake in shares of iShares MSCI Denmark ETF by 251.7% in the fourth quarter. Jane Street Group LLC now owns 61,676 shares of the company’s stock valued at $6,561,000 after buying an additional 44,140 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in iShares MSCI Denmark ETF during the fourth quarter worth $879,000.

About iShares MSCI Denmark ETF

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.