iShares MSCI Ireland ETF (NYSEARCA:EIRL) Short Interest Down 53.3% in August

iShares MSCI Ireland ETF (NYSEARCA:EIRL) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 5,773 shares, a drop of 53.3% from the July 30th total of 12,372 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Several hedge funds and other institutional investors have recently modified their holdings of EIRL. Raymond James Financial Inc. acquired a new position in shares of iShares MSCI Ireland ETF during the second quarter worth approximately $145,000. Idaho Trust Co grew its position in iShares MSCI Ireland ETF by 9.3% in the 4th quarter. Idaho Trust Co now owns 3,614 shares of the company’s stock valued at $266,000 after purchasing an additional 307 shares during the period. Wealthfront Advisers LLC grew its position in iShares MSCI Ireland ETF by 5.0% in the 1st quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock valued at $323,000 after purchasing an additional 224 shares during the period. UBS Group AG increased its stake in iShares MSCI Ireland ETF by 47.6% during the 3rd quarter. UBS Group AG now owns 8,612 shares of the company’s stock valued at $581,000 after purchasing an additional 2,779 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in iShares MSCI Ireland ETF by 30.4% during the 2nd quarter. Osaic Holdings Inc. now owns 9,125 shares of the company’s stock valued at $612,000 after purchasing an additional 2,126 shares in the last quarter.

iShares MSCI Ireland ETF Trading Up 0.2%

iShares MSCI Ireland ETF stock traded up $0.13 during midday trading on Monday, reaching $82.99. The stock had a trading volume of 8,114 shares, compared to its average volume of 9,731. The company has a fifty day moving average price of $80.37 and a two-hundred day moving average price of $75.52. iShares MSCI Ireland ETF has a 12 month low of $65.73 and a 12 month high of $84.45. The company has a market capitalization of $78.84 million, a P/E ratio of 12.65 and a beta of 0.95.

iShares MSCI Ireland ETF Company Profile

The iShares MSCI Ireland ETF (EIRL) is an exchange-traded fund that is based on the MSCI All Ireland Capped index, a market-cap-weighted index of Irish firms. EIRL was launched on May 5, 2010 and is managed by BlackRock.