iShares MSCI Israel ETF (NYSEARCA:EIS) Short Interest Up 57.1% in March

iShares MSCI Israel ETF (NYSEARCA:EIS) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 176,430 shares, a growth of 57.1% from the February 26th total of 112,335 shares. Based on an average daily trading volume, of 287,559 shares, the short-interest ratio is presently 0.6 days. Currently, 2.7% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares MSCI Israel ETF

Several large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its stake in iShares MSCI Israel ETF by 98.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 991 shares of the company’s stock valued at $109,000 after purchasing an additional 491 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of iShares MSCI Israel ETF in the fourth quarter valued at approximately $361,000. Corient Private Wealth LLC bought a new position in shares of iShares MSCI Israel ETF in the fourth quarter valued at approximately $356,000. Sunbelt Securities Inc. purchased a new position in shares of iShares MSCI Israel ETF during the fourth quarter valued at approximately $339,000. Finally, Beacon Pointe Advisors LLC boosted its position in shares of iShares MSCI Israel ETF by 97.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 6,468 shares of the company’s stock valued at $712,000 after buying an additional 3,189 shares during the last quarter.

iShares MSCI Israel ETF Price Performance

Shares of NYSEARCA EIS traded down $4.66 during mid-day trading on Friday, reaching $113.89. 627,095 shares of the company’s stock traded hands, compared to its average volume of 171,860. The business has a 50-day simple moving average of $120.93 and a 200 day simple moving average of $110.32. The stock has a market cap of $734.59 million, a P/E ratio of 13.79 and a beta of 1.03. iShares MSCI Israel ETF has a 1-year low of $67.96 and a 1-year high of $127.14.

About iShares MSCI Israel ETF

The iShares MSCI Israel ETF (EIS) is an exchange-traded fund that is based on the MSCI Israel Capped index, a market-cap-weighted index of Israeli firms. EIS was launched on Mar 26, 2008 and is managed by BlackRock.