iShares MSCI Denmark ETF (BATS:EDEN) Shares Shorted: Short Interest Up 305.8% in October

iShares MSCI Denmark ETF (BATS:EDEN) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 17,944 shares, a growth of 305.8% from the September 30th total of 4,422 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,370 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EDEN. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares MSCI Denmark ETF in the 2nd quarter valued at $34,000. PNC Financial Services Group Inc. increased its position in shares of iShares MSCI Denmark ETF by 28.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,560 shares of the company’s stock worth $163,000 after purchasing an additional 350 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of iShares MSCI Denmark ETF during the 3rd quarter worth about $217,000. Marotta Asset Management increased its position in shares of iShares MSCI Denmark ETF by 2.3% during the 3rd quarter. Marotta Asset Management now owns 110,049 shares of the company’s stock worth $12,023,000 after purchasing an additional 2,501 shares in the last quarter. Finally, Vertex Investment Solutions Co. Ltd. bought a new position in iShares MSCI Denmark ETF during the 1st quarter valued at about $704,000.

iShares MSCI Denmark ETF Price Performance

Shares of EDEN stock opened at $113.64 on Wednesday. The stock’s fifty day simple moving average is $113.45 and its 200 day simple moving average is $112.07. The firm has a market cap of $227.28 million, a price-to-earnings ratio of 16.34 and a beta of 0.95. iShares MSCI Denmark ETF has a one year low of $98.31 and a one year high of $125.64.

iShares MSCI Denmark ETF Company Profile

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.