Short Interest in VanEck Israel ETF (NYSEARCA:ISRA) Rises By 72.9%

VanEck Israel ETF (NYSEARCA:ISRA) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 18,279 shares, a growth of 72.9% from the April 15th total of 10,569 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 6,332 shares, the days-to-cover ratio is presently 2.9 days.

VanEck Israel ETF Stock Down 0.2%

ISRA stock opened at $66.91 on Wednesday. The company has a market capitalization of $152.55 million, a P/E ratio of 14.88 and a beta of 1.00. The company has a 50-day simple moving average of $64.54 and a 200 day simple moving average of $61.83. VanEck Israel ETF has a fifty-two week low of $45.43 and a fifty-two week high of $73.55.

Institutional Investors Weigh In On VanEck Israel ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in VanEck Israel ETF by 2.1% in the first quarter. Bank of America Corp DE now owns 13,979 shares of the company’s stock worth $845,000 after acquiring an additional 285 shares in the last quarter. Royal Bank of Canada raised its position in VanEck Israel ETF by 42.9% in the first quarter. Royal Bank of Canada now owns 1,699 shares of the company’s stock worth $103,000 after acquiring an additional 510 shares in the last quarter. IMA Advisory Services Inc. raised its position in VanEck Israel ETF by 0.8% in the first quarter. IMA Advisory Services Inc. now owns 61,616 shares of the company’s stock worth $3,721,000 after acquiring an additional 517 shares in the last quarter. Ascent Advisors LLC bought a new stake in VanEck Israel ETF in the first quarter worth about $4,949,000. Finally, Common Fund For Nonprofit Organizations raised its position in VanEck Israel ETF by 1.4% in the fourth quarter. Common Fund For Nonprofit Organizations now owns 18,518 shares of the company’s stock worth $1,089,000 after acquiring an additional 263 shares in the last quarter.

VanEck Israel ETF Company Profile

The VanEck Israel ETF (ISRA) is an exchange-traded fund that is based on the BlueStar Israel Global index. The fund tracks a cap-weighted, committee-reviewed index of Israeli and Israeli-linked companies. ISRA was launched on Jun 25, 2013 and is managed by VanEck.