iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Large Growth in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 84,081 shares, an increase of 25.7% from the December 31st total of 66,900 shares. Based on an average daily trading volume, of 6,491 shares, the short-interest ratio is currently 13.0 days. Approximately 8.9% of the shares of the stock are short sold. Approximately 8.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,491 shares, the short-interest ratio is currently 13.0 days.

Hedge Funds Weigh In On iShares MSCI Ireland ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brookstone Capital Management boosted its position in shares of iShares MSCI Ireland ETF by 3.2% during the 2nd quarter. Brookstone Capital Management now owns 6,375 shares of the company’s stock valued at $428,000 after acquiring an additional 200 shares during the last quarter. Wealthfront Advisers LLC raised its stake in iShares MSCI Ireland ETF by 6.8% in the second quarter. Wealthfront Advisers LLC now owns 4,083 shares of the company’s stock valued at $274,000 after purchasing an additional 261 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in iShares MSCI Ireland ETF by 3.4% during the second quarter. TD Waterhouse Canada Inc. now owns 43,370 shares of the company’s stock valued at $2,913,000 after purchasing an additional 1,424 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in iShares MSCI Ireland ETF in the 2nd quarter worth approximately $133,000. Finally, Sepio Capital LP grew its stake in iShares MSCI Ireland ETF by 1.9% in the 2nd quarter. Sepio Capital LP now owns 17,716 shares of the company’s stock worth $1,188,000 after buying an additional 330 shares in the last quarter.

iShares MSCI Ireland ETF Stock Performance

NYSEARCA EIRL traded up $0.20 on Tuesday, hitting $75.92. The stock had a trading volume of 8,518 shares, compared to its average volume of 6,855. The firm has a 50-day moving average of $73.72 and a 200-day moving average of $69.76. iShares MSCI Ireland ETF has a 52-week low of $53.51 and a 52-week high of $76.32. The company has a market capitalization of $72.12 million, a price-to-earnings ratio of 12.65 and a beta of 1.02.

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.