iShares MSCI New Zealand ETF (NASDAQ:ENZL) Short Interest Up 103.0% in May

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 81,108 shares, an increase of 103.0% from the May 14th total of 39,950 shares. Based on an average trading volume of 38,565 shares, the days-to-cover ratio is currently 2.1 days. Approximately 5.1% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares MSCI New Zealand ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake 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 acquiring an additional 662 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of iShares MSCI New Zealand ETF in the first quarter valued at $85,000. Marotta Asset Management raised its stake in shares of iShares MSCI New Zealand ETF by 4.8% in the first quarter. Marotta Asset Management now owns 177,839 shares of the company’s stock valued at $7,566,000 after acquiring an additional 8,114 shares during the period. Wexford Capital LP purchased a new stake in shares of iShares MSCI New Zealand ETF in the third quarter valued at $1,378,000. Finally, Susquehanna International Group LLP raised its stake in shares of iShares MSCI New Zealand ETF by 219.5% in the third quarter. Susquehanna International Group LLP now owns 23,881 shares of the company’s stock valued at $1,097,000 after acquiring an additional 16,407 shares during the period.

iShares MSCI New Zealand ETF Price Performance

Shares of ENZL traded up $0.32 during midday trading on Friday, hitting $46.00. The stock had a trading volume of 51,594 shares, compared to its average volume of 37,369. iShares MSCI New Zealand ETF has a 1 year low of $41.69 and a 1 year high of $48.24. The firm has a market cap of $73.60 million, a PE ratio of 41.58 and a beta of 0.89. The stock’s 50 day moving average is $44.70 and its 200 day moving average is $45.34.

About iShares MSCI New Zealand ETF

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.