Short Interest in iShares MSCI Philippines ETF (NYSEARCA:EPHE) Decreases By 51.3%

iShares MSCI Philippines ETF (NYSEARCA:EPHE) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 218,306 shares, a drop of 51.3% from the June 15th total of 448,719 shares. Based on an average daily volume of 155,263 shares, the short-interest ratio is presently 1.4 days. Currently, 4.2% of the shares of the company are sold short.

iShares MSCI Philippines ETF Stock Down 0.1%

Shares of NYSEARCA:EPHE traded down $0.02 during midday trading on Wednesday, reaching $25.16. 77,699 shares of the company traded hands, compared to its average volume of 147,111. iShares MSCI Philippines ETF has a 12 month low of $23.17 and a 12 month high of $28.40. The firm has a market capitalization of $127.06 million, a price-to-earnings ratio of 10.44 and a beta of 0.55. The firm’s fifty day moving average price is $24.76 and its two-hundred day moving average price is $25.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in iShares MSCI Philippines ETF by 24.2% during the 1st quarter. Bank of New York Mellon Corp now owns 38,312 shares of the company’s stock valued at $951,000 after purchasing an additional 7,467 shares during the period. Sanctuary Advisors LLC grew its position in shares of iShares MSCI Philippines ETF by 3.5% in the 1st quarter. Sanctuary Advisors LLC now owns 36,093 shares of the company’s stock worth $896,000 after buying an additional 1,225 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of iShares MSCI Philippines ETF by 9.8% in the 1st quarter. Hsbc Holdings PLC now owns 111,797 shares of the company’s stock worth $2,776,000 after buying an additional 9,982 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of iShares MSCI Philippines ETF during the first quarter valued at approximately $231,000. Finally, Graham Capital Management L.P. purchased a new position in shares of iShares MSCI Philippines ETF during the fourth quarter valued at approximately $3,030,000.

iShares MSCI Philippines ETF Company Profile

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.