iShares MSCI Finland ETF (BATS:EFNL) Short Interest Up 291.8% in July

iShares MSCI Finland ETF (BATS:EFNL) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 25,707 shares, an increase of 291.8% from the June 30th total of 6,561 shares. Based on an average daily volume of 104,879 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.3% of the company’s shares are short sold.

Institutional Trading of iShares MSCI Finland ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in iShares MSCI Finland ETF in the first quarter worth about $25,000. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Finland ETF in the 2nd quarter valued at about $31,000. Zacks Investment Management purchased a new stake in shares of iShares MSCI Finland ETF in the 3rd quarter worth approximately $227,000. Flow Traders U.S. LLC bought a new position in shares of iShares MSCI Finland ETF during the third quarter valued at approximately $247,000. Finally, Idaho Trust Co increased its holdings in iShares MSCI Finland ETF by 21.0% during the fourth quarter. Idaho Trust Co now owns 6,518 shares of the company’s stock valued at $312,000 after buying an additional 1,131 shares during the period.

iShares MSCI Finland ETF Stock Up 0.7%

EFNL opened at $51.22 on Tuesday. The stock’s fifty day moving average is $54.00 and its two-hundred day moving average is $51.96. The company has a market capitalization of $30.73 million, a P/E ratio of 15.40 and a beta of 0.83. iShares MSCI Finland ETF has a 52 week low of $40.09 and a 52 week high of $58.30.

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.