Short Interest in iShares MSCI Ireland ETF (NYSEARCA:EIRL) Grows By 632.3%

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 9,739 shares, an increase of 632.3% from the May 31st total of 1,330 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 33,029 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of iShares MSCI Ireland ETF in the fourth quarter worth about $30,000. Raymond James Financial Inc. acquired a new position in iShares MSCI Ireland ETF in the 2nd quarter valued at $145,000. Idaho Trust Co lifted its stake in shares of iShares MSCI Ireland ETF by 9.3% in the fourth quarter. Idaho Trust Co now owns 3,614 shares of the company’s stock worth $266,000 after buying an additional 307 shares in the last quarter. Wealthfront Advisers LLC boosted its position in iShares MSCI Ireland ETF by 5.0% during the first quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock worth $323,000 after acquiring an additional 224 shares during the last quarter. Finally, UBS Group AG grew its stake in iShares MSCI Ireland ETF by 47.6% during the 3rd quarter. UBS Group AG now owns 8,612 shares of the company’s stock valued at $581,000 after acquiring an additional 2,779 shares in the last quarter.

iShares MSCI Ireland ETF Trading Up 0.4%

Shares of NYSEARCA:EIRL opened at $78.53 on Friday. iShares MSCI Ireland ETF has a twelve month low of $64.70 and a twelve month high of $79.00. The company’s 50 day moving average is $75.15 and its 200 day moving average is $73.49. The company has a market cap of $74.60 million, a PE ratio of 12.65 and a beta of 0.95.

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.