iShares MSCI Philippines ETF (NYSEARCA:EPHE – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 218,306 shares, a drop of 51.3% from the June 15th total of 448,719 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average daily volume of 155,263 shares, the short-interest ratio is presently 1.4 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in EPHE. JPMorgan Chase & Co. bought a new stake in iShares MSCI Philippines ETF during the 2nd quarter worth approximately $30,000. Stelac Advisory Services LLC purchased a new position in shares of iShares MSCI Philippines ETF during the fourth quarter valued at approximately $104,000. Amundi purchased a new position in shares of iShares MSCI Philippines ETF during the second quarter valued at approximately $222,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in iShares MSCI Philippines ETF during the first quarter worth $231,000. Finally, Orion Porfolio Solutions LLC grew its holdings in iShares MSCI Philippines ETF by 5.3% during the second quarter. Orion Porfolio Solutions LLC now owns 8,674 shares of the company’s stock worth $235,000 after buying an additional 440 shares in the last quarter.
iShares MSCI Philippines ETF Trading Down 0.1%
NYSEARCA EPHE traded down $0.02 on Wednesday, hitting $25.16. 77,699 shares of the company’s stock were exchanged, compared to its average volume of 147,111. The stock has a 50-day moving average of $24.76 and a 200-day moving average of $25.38. iShares MSCI Philippines ETF has a 52 week low of $23.17 and a 52 week high of $28.40. The stock has a market cap of $127.06 million, a price-to-earnings ratio of 10.44 and a beta of 0.55.
About iShares MSCI Philippines ETF
The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.
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