iShares MSCI Finland ETF (BATS:EFNL) Stock Short Interest Drops 61.8%

iShares MSCI Finland ETF (BATS:EFNL) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 8,148 shares, a drop of 61.8% from the September 15th total of 21,339 shares. Based on an average daily volume of 51,294 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.4% of the shares of the stock are sold short.

iShares MSCI Finland ETF Stock Down 0.8%

BATS EFNL opened at $52.03 on Tuesday. The business’s fifty day simple moving average is $54.17 and its 200-day simple moving average is $53.60. iShares MSCI Finland ETF has a 52 week low of $42.50 and a 52 week high of $58.30. The firm has a market cap of $31.22 million, a PE ratio of 15.40 and a beta of 0.83.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of iShares MSCI Finland ETF during the second quarter valued at about $508,000. Marotta Asset Management lifted its holdings in shares of iShares MSCI Finland ETF by 1.6% in the 3rd quarter. Marotta Asset Management now owns 217,174 shares of the company’s stock worth $11,582,000 after acquiring an additional 3,363 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of iShares MSCI Finland ETF by 262.8% in the 2nd quarter. IFP Advisors Inc now owns 4,317 shares of the company’s stock worth $231,000 after acquiring an additional 3,127 shares during the last quarter.

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.