iShares MSCI Israel ETF (NYSEARCA:EIS) Sees Large Decrease in Short Interest

iShares MSCI Israel ETF (NYSEARCA:EIS) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 77,929 shares, a drop of 55.4% from the December 15th total of 174,878 shares. Based on an average daily volume of 59,030 shares, the short-interest ratio is currently 1.3 days. Approximately 1.4% of the company’s stock are sold short. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 59,030 shares, the short-interest ratio is currently 1.3 days.

iShares MSCI Israel ETF Stock Up 0.9%

Shares of EIS stock traded up $1.09 during trading hours on Wednesday, hitting $118.76. 102,748 shares of the company’s stock traded hands, compared to its average volume of 131,283. The stock’s fifty day simple moving average is $108.75 and its two-hundred day simple moving average is $100.37. iShares MSCI Israel ETF has a 12-month low of $67.96 and a 12-month high of $118.93. The stock has a market cap of $688.81 million, a price-to-earnings ratio of 13.79 and a beta of 1.03.

Institutional Investors Weigh In On iShares MSCI Israel ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Korea Investment CORP grew its stake in shares of iShares MSCI Israel ETF by 130.9% in the third quarter. Korea Investment CORP now owns 410,232 shares of the company’s stock worth $41,146,000 after acquiring an additional 232,559 shares during the last quarter. Jane Street Group LLC bought a new position in iShares MSCI Israel ETF in the 1st quarter worth about $5,684,000. Wealth High Governance Capital Ltda purchased a new stake in iShares MSCI Israel ETF during the 3rd quarter valued at about $6,018,000. CoreCap Advisors LLC grew its position in iShares MSCI Israel ETF by 1.9% during the 4th quarter. CoreCap Advisors LLC now owns 47,665 shares of the company’s stock valued at $5,245,000 after purchasing an additional 874 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new stake in iShares MSCI Israel ETF during the 3rd quarter valued at about $4,012,000.

iShares MSCI Israel ETF Company Profile

The iShares MSCI Israel ETF (EIS) is an exchange-traded fund that is based on the MSCI Israel Capped index, a market-cap-weighted index of Israeli firms. EIS was launched on Mar 26, 2008 and is managed by BlackRock.