Short Interest in iShares MSCI New Zealand ETF (NASDAQ:ENZL) Expands By 89.2%

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 60,879 shares, a growth of 89.2% from the July 15th total of 32,179 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average daily volume of 141,439 shares, the days-to-cover ratio is currently 0.4 days.

iShares MSCI New Zealand ETF Stock Down 0.5%

ENZL stock traded down $0.22 during trading on Monday, hitting $47.12. The company had a trading volume of 60,380 shares, compared to its average volume of 57,498. The firm has a market capitalization of $82.46 million, a P/E ratio of 41.58 and a beta of 0.89. iShares MSCI New Zealand ETF has a 52-week low of $41.69 and a 52-week high of $48.24. The company has a 50 day simple moving average of $45.99 and a 200-day simple moving average of $45.44.

iShares MSCI New Zealand ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

A number of institutional investors have recently modified their holdings of ENZL. Dynamic Advisor Solutions LLC boosted its holdings in shares of iShares MSCI New Zealand ETF by 13.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,712 shares of the company’s stock valued at $659,000 after purchasing an additional 1,700 shares during the period. Royal Bank of Canada increased its holdings in iShares MSCI New Zealand ETF by 15.3% during the 1st quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock worth $212,000 after purchasing an additional 662 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in iShares MSCI New Zealand ETF during the 1st quarter worth $85,000. Marotta Asset Management increased its holdings in iShares MSCI New Zealand ETF by 4.8% during the 1st quarter. Marotta Asset Management now owns 177,839 shares of the company’s stock worth $7,566,000 after purchasing an additional 8,114 shares during the period. Finally, Abound Financial LLC bought a new stake in iShares MSCI New Zealand ETF during the 4th quarter valued at $53,000.

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.