iShares MSCI Indonesia ETF (NYSEARCA:EIDO) Short Interest Down 55.6% in June

iShares MSCI Indonesia ETF (NYSEARCA:EIDO) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,307,407 shares, a drop of 55.6% from the June 15th total of 5,195,880 shares. Currently, 6.5% of the shares of the stock are short sold. Based on an average trading volume of 1,940,095 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On iShares MSCI Indonesia ETF

A number of hedge funds have recently made changes to their positions in the company. Nan Fung Trinity HK Ltd. increased its stake in iShares MSCI Indonesia ETF by 94.2% in the 4th quarter. Nan Fung Trinity HK Ltd. now owns 1,221,700 shares of the company’s stock worth $22,846,000 after acquiring an additional 592,600 shares during the last quarter. Sun Life Financial Inc. grew its holdings in shares of iShares MSCI Indonesia ETF by 269.6% in the fourth quarter. Sun Life Financial Inc. now owns 725,660 shares of the company’s stock valued at $13,570,000 after purchasing an additional 529,329 shares in the last quarter. Main Management ETF Advisors LLC purchased a new position in shares of iShares MSCI Indonesia ETF in the fourth quarter valued at $8,366,000. Man Group plc bought a new stake in iShares MSCI Indonesia ETF in the fourth quarter worth $6,085,000. Finally, Lumbard & Kellner LLC raised its stake in iShares MSCI Indonesia ETF by 0.8% during the fourth quarter. Lumbard & Kellner LLC now owns 200,651 shares of the company’s stock valued at $3,752,000 after purchasing an additional 1,499 shares in the last quarter.

iShares MSCI Indonesia ETF Stock Up 0.8%

EIDO stock traded up $0.09 during mid-day trading on Tuesday, hitting $12.07. The company had a trading volume of 534,974 shares, compared to its average volume of 1,123,297. The company has a 50-day moving average price of $12.69 and a 200 day moving average price of $15.59. iShares MSCI Indonesia ETF has a 12-month low of $10.72 and a 12-month high of $19.28. The company has a market capitalization of $459.87 million, a price-to-earnings ratio of 11.90 and a beta of 0.32.

About iShares MSCI Indonesia ETF

The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.