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

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 44,421 shares, a decrease of 47.2% from the January 15th total of 84,081 shares. Based on an average trading volume of 5,999 shares, the short-interest ratio is currently 7.4 days. Approximately 4.7% of the shares of the stock are sold short. Approximately 4.7% of the shares of the stock are sold short. Based on an average trading volume of 5,999 shares, the short-interest ratio is currently 7.4 days.

iShares MSCI Ireland ETF Stock Performance

EIRL stock traded down $1.74 during midday trading on Thursday, hitting $73.29. 3,540 shares of the stock were exchanged, compared to its average volume of 8,053. The stock has a market cap of $69.63 million, a price-to-earnings ratio of 12.65 and a beta of 1.02. iShares MSCI Ireland ETF has a fifty-two week low of $53.51 and a fifty-two week high of $77.20. The stock’s 50-day moving average price is $74.19 and its 200-day moving average price is $70.16.

Hedge Funds Weigh In On iShares MSCI Ireland ETF

Hedge funds have recently made changes to their positions in the stock. Sepio Capital LP grew its position in iShares MSCI Ireland ETF by 1.0% during the fourth quarter. Sepio Capital LP now owns 17,895 shares of the company’s stock valued at $1,315,000 after acquiring an additional 178 shares during the period. Brookstone Capital Management lifted its stake in shares of iShares MSCI Ireland ETF by 3.2% in the 2nd quarter. Brookstone Capital Management now owns 6,375 shares of the company’s stock valued at $428,000 after purchasing an additional 200 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of iShares MSCI Ireland ETF by 6.8% during the 2nd quarter. Wealthfront Advisers LLC now owns 4,083 shares of the company’s stock worth $274,000 after purchasing an additional 261 shares during the period. Idaho Trust Co lifted its position in iShares MSCI Ireland ETF by 9.3% during the fourth quarter. Idaho Trust Co now owns 3,614 shares of the company’s stock valued at $266,000 after buying an additional 307 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in iShares MSCI Ireland ETF during the fourth quarter worth approximately $30,000.

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.