iShares MSCI Philippines ETF (NYSEARCA:EPHE) Sees Significant Decline in Short Interest

iShares MSCI Philippines ETF (NYSEARCA:EPHE) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 208,241 shares, a drop of 63.7% from the December 31st total of 573,571 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 154,174 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 154,174 shares, the days-to-cover ratio is presently 1.4 days. Currently, 3.5% of the company’s stock are short sold.

iShares MSCI Philippines ETF Stock Down 2.6%

iShares MSCI Philippines ETF stock traded down $0.68 during trading on Thursday, reaching $25.65. The stock had a trading volume of 238,979 shares, compared to its average volume of 171,594. iShares MSCI Philippines ETF has a 52-week low of $23.08 and a 52-week high of $28.20. The stock has a market cap of $153.90 million, a PE ratio of 10.44 and a beta of 0.61. The business has a 50 day moving average price of $25.39 and a 200 day moving average price of $25.52.

Institutional Trading of iShares MSCI Philippines ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EPHE. Sun Life Financial Inc. purchased a new stake in iShares MSCI Philippines ETF during the second quarter worth approximately $7,566,000. Carrera Capital Advisors lifted its position in shares of iShares MSCI Philippines ETF by 11.0% during the 3rd quarter. Carrera Capital Advisors now owns 99,936 shares of the company’s stock worth $2,482,000 after buying an additional 9,897 shares during the last quarter. Man Group plc acquired a new position in shares of iShares MSCI Philippines ETF in the 2nd quarter valued at $1,657,000. Royal Bank of Canada grew its position in shares of 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 buying an additional 54,665 shares during the last quarter. Finally, Natixis raised its stake in iShares MSCI Philippines ETF by 51.5% during the 2nd quarter. Natixis now owns 53,359 shares of the company’s stock worth $1,447,000 after acquiring an additional 18,143 shares in the last quarter.

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.