iShares MSCI New Zealand ETF (NASDAQ:ENZL) Stock Short Interest Drops 43.3%

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,064 shares, a decline of 43.3% from the September 30th total of 12,464 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 10,515 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares MSCI New Zealand ETF

Several institutional investors and hedge funds have recently bought and sold shares of ENZL. Farther Finance Advisors LLC grew its holdings in shares of iShares MSCI New Zealand ETF by 66.3% during the third quarter. Farther Finance Advisors LLC now owns 1,380 shares of the company’s stock valued at $62,000 after purchasing an additional 550 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of iShares MSCI New Zealand ETF during the 1st quarter worth approximately $85,000. Royal Bank of Canada lifted its holdings in shares of iShares MSCI New Zealand ETF by 15.3% in the 1st quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock worth $212,000 after purchasing an additional 662 shares during the last quarter. USA Financial Formulas bought a new stake in shares of iShares MSCI New Zealand ETF in the 3rd quarter worth approximately $286,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of iShares MSCI New Zealand ETF by 13.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,712 shares of the company’s stock worth $659,000 after purchasing an additional 1,700 shares during the last quarter.

iShares MSCI New Zealand ETF Stock Performance

Shares of NASDAQ:ENZL opened at $44.40 on Tuesday. The company’s fifty day moving average is $45.75 and its two-hundred day moving average is $45.63. iShares MSCI New Zealand ETF has a 1-year low of $41.69 and a 1-year high of $49.04. The stock has a market capitalization of $64.38 million, a price-to-earnings ratio of 41.58 and a beta of 0.91.

About iShares MSCI New Zealand ETF

The iShares MSCI New Zealand ETF (ENZL) is an exchange-traded fund that is based on the MSCI New Zeland IMI 25-50 index. The fund tracks the performance of a market-cap-weighted index of equity securities in the top 99% of the New Zealand equity market. ENZL was launched on Sep 1, 2010 and is managed by BlackRock.