iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Significant Drop in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,281 shares, a decline of 70.2% from the September 15th total of 7,656 shares. Based on an average daily volume of 3,014 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.

iShares MSCI Ireland ETF Stock Up 0.4%

Shares of iShares MSCI Ireland ETF stock traded up $0.31 during trading hours on Monday, reaching $78.81. 1,571 shares of the company’s stock were exchanged, compared to its average volume of 8,809. iShares MSCI Ireland ETF has a 1 year low of $65.85 and a 1 year high of $85.56. The company has a market capitalization of $74.87 million, a P/E ratio of 12.65 and a beta of 0.94. The business has a fifty day moving average of $82.49 and a two-hundred day moving average of $77.82.

Hedge Funds Weigh In On iShares MSCI Ireland ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Endowment Management LP acquired a new stake in iShares MSCI Ireland ETF in the 4th quarter valued at about $1,103,000. Matthew Goff Investment Advisor LLC purchased a new position in iShares MSCI Ireland ETF in the 1st quarter worth approximately $30,316,000. TD Waterhouse Canada Inc. lifted its stake in iShares MSCI Ireland ETF by 6.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 61,176 shares of the company’s stock worth $4,810,000 after purchasing an additional 3,498 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of iShares MSCI Ireland ETF by 5.0% during the 1st quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock worth $323,000 after purchasing an additional 224 shares during the last quarter. Finally, Marotta Asset Management boosted its holdings in shares of iShares MSCI Ireland ETF by 2.9% during the 1st quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock worth $11,300,000 after purchasing an additional 4,627 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.