iShares MSCI Finland ETF (BATS:EFNL) Shares Up 51.5% – Time to Buy?

iShares MSCI Finland ETF (BATS:EFNL)’s share price were up 51.5% during trading on Friday . The company traded as high as $32.99 and last traded at $49.21. Approximately 5,662 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 10,309 shares. The stock had previously closed at $32.4751.

iShares MSCI Finland ETF Stock Performance

The firm has a market cap of $29.53 million, a price-to-earnings ratio of 15.40 and a beta of 0.83. The stock has a 50-day moving average of $47.64 and a 200-day moving average of $44.52.

Hedge Funds Weigh In On iShares MSCI Finland ETF

Several hedge funds have recently modified their holdings of EFNL. Susquehanna International Group LLP boosted its position in iShares MSCI Finland ETF by 40.5% during the third quarter. Susquehanna International Group LLP now owns 64,826 shares of the company’s stock valued at $2,775,000 after purchasing an additional 18,682 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of iShares MSCI Finland ETF by 31.5% during the 3rd quarter. Citadel Advisors LLC now owns 20,887 shares of the company’s stock worth $894,000 after purchasing an additional 5,003 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of iShares MSCI Finland ETF in the 2nd quarter valued at approximately $670,000. Jane Street Group LLC bought a new position in shares of iShares MSCI Finland ETF in the first quarter valued at $2,870,000. Finally, Flow Traders U.S. LLC acquired a new position in iShares MSCI Finland ETF during the third quarter worth $247,000.

About iShares MSCI Finland ETF

The iShares MSCI Finland ETF (EFNL) is an exchange-traded fund that is based on the MSCI Finland IMI 25\u002F50 index, a market-cap-weighted index of Finnish all-cap stocks. EFNL was launched on Jan 25, 2012 and is managed by BlackRock.