iShares MSCI New Zealand ETF (NASDAQ:ENZL) Stock Short Interest Drops 80.3%

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 17,886 shares, a decrease of 80.3% from the August 31st total of 90,592 shares. Based on an average daily trading volume, of 74,386 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.2% of the company’s stock are sold short.

iShares MSCI New Zealand ETF Stock Up 0.0%

NASDAQ ENZL traded up $0.01 on Friday, reaching $45.44. The company had a trading volume of 2,649 shares, compared to its average volume of 56,589. The company’s fifty day moving average is $47.01 and its 200 day moving average is $45.49. iShares MSCI New Zealand ETF has a 52-week low of $41.69 and a 52-week high of $49.04. The stock has a market capitalization of $70.43 million, a P/E ratio of 41.58 and a beta of 0.89.

Institutional Trading of iShares MSCI New Zealand ETF

Several institutional investors and hedge funds have recently made changes to their positions in ENZL. TD Waterhouse Canada Inc. lifted its position in shares of iShares MSCI New Zealand ETF by 13.5% during the second quarter. TD Waterhouse Canada Inc. now owns 101,746 shares of the company’s stock valued at $4,537,000 after purchasing an additional 12,073 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in iShares MSCI New Zealand ETF by 13.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,712 shares of the company’s stock worth $659,000 after purchasing an additional 1,700 shares in the last quarter. Royal Bank of Canada increased its stake in iShares MSCI New Zealand ETF by 15.3% in the 1st quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock valued at $212,000 after buying an additional 662 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in iShares MSCI New Zealand ETF in the 1st quarter valued at about $85,000. Finally, Marotta Asset Management increased its stake in iShares MSCI New Zealand ETF by 4.8% in the 1st quarter. Marotta Asset Management now owns 177,839 shares of the company’s stock valued at $7,566,000 after buying an additional 8,114 shares during the last quarter.

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.