iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Large Growth in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 14,244 shares, a growth of 1,396.2% from the June 30th total of 952 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 10,713 shares, the short-interest ratio is currently 1.3 days.

iShares MSCI Ireland ETF Stock Up 0.7%

iShares MSCI Ireland ETF stock traded up $0.52 during mid-day trading on Friday, hitting $78.82. The company had a trading volume of 2,076 shares, compared to its average volume of 10,644. The business has a fifty day moving average of $77.45 and a 200 day moving average of $74.22. iShares MSCI Ireland ETF has a 1 year low of $64.70 and a 1 year high of $79.97. The stock has a market cap of $74.88 million, a price-to-earnings ratio of 12.65 and a beta of 0.95.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in iShares MSCI Ireland ETF during the 2nd quarter valued at $145,000. Osaic Holdings Inc. lifted its position in shares of iShares MSCI Ireland ETF by 30.4% in the second quarter. Osaic Holdings Inc. now owns 9,125 shares of the company’s stock valued at $612,000 after acquiring an additional 2,126 shares in the last quarter. UBS Group AG increased its position in iShares MSCI Ireland ETF by 47.6% during the 3rd quarter. UBS Group AG now owns 8,612 shares of the company’s stock worth $581,000 after purchasing an additional 2,779 shares in the last quarter. Equitable Holdings Inc. increased its position in iShares MSCI Ireland ETF by 4.5% during the 3rd quarter. Equitable Holdings Inc. now owns 18,500 shares of the company’s stock worth $1,248,000 after purchasing an additional 800 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its stake in iShares MSCI Ireland ETF by 138.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 27,954 shares of the company’s stock valued at $1,886,000 after purchasing an additional 16,246 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.