iShares MSCI Indonesia ETF (NYSEARCA:EIDO) Short Interest Down 55.6% in June

iShares MSCI Indonesia ETF (NYSEARCA:EIDO) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,307,407 shares, a drop of 55.6% from the June 15th total of 5,195,880 shares. Based on an average daily volume of 1,940,095 shares, the short-interest ratio is currently 1.2 days. Approximately 6.5% of the company’s stock are sold short.

iShares MSCI Indonesia ETF Stock Up 0.8%

Shares of EIDO stock traded up $0.09 during trading hours on Tuesday, hitting $12.07. 534,974 shares of the company’s stock traded hands, compared to its average volume of 1,123,297. The stock’s fifty day simple moving average is $12.69 and its two-hundred day simple moving average is $15.59. The stock has a market cap of $459.87 million, a price-to-earnings ratio of 11.90 and a beta of 0.32. iShares MSCI Indonesia ETF has a 12-month low of $10.72 and a 12-month high of $19.28.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of iShares MSCI Indonesia ETF during the 1st quarter valued at about $1,161,000. JPMorgan Chase & Co. raised its holdings in iShares MSCI Indonesia ETF by 54.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 45,997 shares of the company’s stock worth $811,000 after purchasing an additional 16,177 shares during the period. Cresset Asset Management LLC lifted its position in iShares MSCI Indonesia ETF by 2.4% during the second quarter. Cresset Asset Management LLC now owns 24,995 shares of the company’s stock valued at $441,000 after purchasing an additional 582 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in iShares MSCI Indonesia ETF during the second quarter valued at $439,000. Finally, Natixis grew its holdings in iShares MSCI Indonesia ETF by 51.5% during the second quarter. Natixis now owns 69,763 shares of the company’s stock valued at $1,230,000 after purchasing an additional 23,720 shares during the period.

About iShares MSCI Indonesia ETF

The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.