iShares MSCI Finland ETF (BATS:EFNL) Trading 48.9% Higher – Should You Buy?

iShares MSCI Finland ETF (BATS:EFNL) shot up 48.9% during trading on Friday . The company traded as high as $32.99 and last traded at $48.3650. 5,662 shares changed hands during trading, a decline of 45% from the average session volume of 10,309 shares. The stock had previously closed at $32.4751.

iShares MSCI Finland ETF Stock Performance

The stock has a market cap of $29.02 million, a P/E ratio of 15.40 and a beta of 0.83. The company has a 50-day simple moving average of $46.38 and a 200-day simple moving average of $43.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFNL. Arlington Capital Management Inc. acquired a new stake in iShares MSCI Finland ETF in the 2nd quarter valued at about $3,817,000. Jane Street Group LLC bought a new stake in shares of iShares MSCI Finland ETF during the first quarter valued at approximately $2,870,000. Susquehanna International Group LLP grew its stake in shares of iShares MSCI Finland ETF by 40.5% during the third quarter. Susquehanna International Group LLP now owns 64,826 shares of the company’s stock valued at $2,775,000 after purchasing an additional 18,682 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of iShares MSCI Finland ETF in the second quarter valued at approximately $670,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Finland ETF in the third quarter valued at approximately $247,000.

iShares MSCI Finland ETF Company Profile

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