Short Interest in iShares MSCI New Zealand ETF (NASDAQ:ENZL) Declines By 39.7%

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 48,907 shares, a decrease of 39.7% from the May 31st total of 81,108 shares. Based on an average daily volume of 66,968 shares, the days-to-cover ratio is presently 0.7 days. Approximately 3.1% of the shares of the company are short sold.

iShares MSCI New Zealand ETF Trading Up 0.0%

Shares of NASDAQ:ENZL traded up $0.01 on Friday, hitting $44.95. 84,544 shares of the company were exchanged, compared to its average volume of 39,680. iShares MSCI New Zealand ETF has a 1-year low of $41.69 and a 1-year high of $48.24. The stock’s 50 day moving average price is $44.90 and its 200 day moving average price is $45.23. The firm has a market capitalization of $65.18 million, a P/E ratio of 41.58 and a beta of 0.89.

iShares MSCI New Zealand ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.4368 dividend. The ex-dividend date was Monday, June 15th.

Institutional Trading of iShares MSCI New Zealand ETF

Several large investors have recently added to or reduced their stakes in ENZL. Royal Bank of Canada increased its holdings in shares of iShares MSCI New Zealand ETF by 15.3% in the first quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock valued at $212,000 after purchasing an additional 662 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in iShares MSCI New Zealand ETF in the first quarter valued at approximately $85,000. Marotta Asset Management increased its holdings in iShares MSCI New Zealand ETF by 4.8% in the 1st quarter. Marotta Asset Management now owns 177,839 shares of the company’s stock worth $7,566,000 after buying an additional 8,114 shares during the period. Abound Financial LLC acquired a new position in iShares MSCI New Zealand ETF in the 4th quarter worth approximately $53,000. Finally, AlphaCore Capital LLC purchased a new position in iShares MSCI New Zealand ETF during the 4th quarter worth approximately $283,000.

iShares MSCI New Zealand ETF Company Profile

The iShares MSCI New Zealand ETF (ENZL) is an exchange-traded fund that is based on the MSCI New Zeland IMI 25-50 index. The fund tracks the performance of a market-cap-weighted index of equity securities in the top 99% of the New Zealand equity market. ENZL was launched on Sep 1, 2010 and is managed by BlackRock.