VanEck Israel ETF (NYSEARCA:ISRA) Sees Large Increase in Short Interest

VanEck Israel ETF (NYSEARCA:ISRA) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 18,279 shares, an increase of 72.9% from the April 15th total of 10,569 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 6,332 shares, the short-interest ratio is currently 2.9 days.

Institutional Trading of VanEck Israel ETF

A number of large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in shares of VanEck Israel ETF by 1,095.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,973 shares of the company’s stock worth $547,000 after purchasing an additional 11,888 shares in the last quarter. Jane Street Group LLC increased its position in shares of VanEck Israel ETF by 203.6% during the 1st quarter. Jane Street Group LLC now owns 21,494 shares of the company’s stock worth $907,000 after purchasing an additional 14,415 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of VanEck Israel ETF during the 2nd quarter worth about $220,000. Bank of America Corp DE increased its position in shares of VanEck Israel ETF by 19.0% during the 2nd quarter. Bank of America Corp DE now owns 13,456 shares of the company’s stock worth $697,000 after purchasing an additional 2,151 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of VanEck Israel ETF by 5.3% during the 2nd quarter. Tidal Investments LLC now owns 51,144 shares of the company’s stock worth $2,651,000 after purchasing an additional 2,563 shares in the last quarter.

VanEck Israel ETF Price Performance

Shares of ISRA traded down $0.23 on Monday, reaching $66.71. 5,929 shares of the stock traded hands, compared to its average volume of 10,184. The stock’s 50-day moving average price is $64.45 and its 200-day moving average price is $61.67. VanEck Israel ETF has a 12 month low of $45.43 and a 12 month high of $73.55. The firm has a market cap of $152.10 million, a price-to-earnings ratio of 14.88 and a beta of 1.00.

About VanEck Israel ETF

The VanEck Israel ETF (ISRA) is an exchange-traded fund that is based on the BlueStar Israel Global index. The fund tracks a cap-weighted, committee-reviewed index of Israeli and Israeli-linked companies. ISRA was launched on Jun 25, 2013 and is managed by VanEck.