iShares MSCI Ireland ETF (NYSEARCA:EIRL) Short Interest Down 47.2% in January

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 44,421 shares, a decline of 47.2% from the January 15th total of 84,081 shares. Based on an average daily trading volume, of 5,999 shares, the days-to-cover ratio is currently 7.4 days. Currently, 4.7% of the shares of the stock are sold short. Currently, 4.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,999 shares, the days-to-cover ratio is currently 7.4 days.

iShares MSCI Ireland ETF Price Performance

Shares of NYSEARCA:EIRL traded down $0.69 on Friday, hitting $72.60. The company’s stock had a trading volume of 13,601 shares, compared to its average volume of 8,280. The company has a market capitalization of $68.97 million, a PE ratio of 12.65 and a beta of 1.02. The company has a 50-day simple moving average of $74.21 and a 200 day simple moving average of $70.24. iShares MSCI Ireland ETF has a 1 year low of $53.51 and a 1 year high of $77.20.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of iShares MSCI Ireland ETF in the 4th quarter worth $30,000. Elevation Point Wealth Partners LLC bought a new stake in shares of iShares MSCI Ireland ETF during the 2nd quarter worth $133,000. Raymond James Financial Inc. purchased a new position in iShares MSCI Ireland ETF in the second quarter worth $145,000. Idaho Trust Co increased its stake in iShares MSCI Ireland ETF by 9.3% in the fourth quarter. Idaho Trust Co now owns 3,614 shares of the company’s stock valued at $266,000 after acquiring an additional 307 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in iShares MSCI Ireland ETF by 6.8% in the second quarter. Wealthfront Advisers LLC now owns 4,083 shares of the company’s stock valued at $274,000 after acquiring an additional 261 shares during the last quarter.

About iShares MSCI Ireland ETF

The iShares MSCI Ireland ETF (EIRL) is an exchange-traded fund that is based on the MSCI All Ireland Capped index, a market-cap-weighted index of Irish firms. EIRL was launched on May 5, 2010 and is managed by BlackRock.