iShares MSCI Philippines ETF (NYSEARCA:EPHE) Sees Large Increase in Short Interest

iShares MSCI Philippines ETF (NYSEARCA:EPHE) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 609,848 shares, an increase of 458.3% from the February 26th total of 109,236 shares. Approximately 10.0% of the shares of the company are sold short. Based on an average daily trading volume, of 316,676 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 316,676 shares, the days-to-cover ratio is presently 1.9 days. Approximately 10.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its position in iShares MSCI Philippines ETF by 5.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,674 shares of the company’s stock worth $235,000 after buying an additional 440 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of iShares MSCI Philippines ETF in the second quarter valued at about $30,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of iShares MSCI Philippines ETF by 9.7% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,300 shares of the company’s stock valued at $728,000 after acquiring an additional 2,600 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of iShares MSCI Philippines ETF in the fourth quarter valued at about $104,000. Finally, Carrera Capital Advisors grew its stake in shares of iShares MSCI Philippines ETF by 4.7% in the fourth quarter. Carrera Capital Advisors now owns 104,662 shares of the company’s stock valued at $2,608,000 after acquiring an additional 4,726 shares in the last quarter.

iShares MSCI Philippines ETF Stock Performance

Shares of NYSEARCA EPHE traded down $0.55 during trading hours on Tuesday, reaching $24.44. 91,152 shares of the stock were exchanged, compared to its average volume of 189,722. The firm has a market capitalization of $149.08 million, a price-to-earnings ratio of 10.44 and a beta of 0.61. iShares MSCI Philippines ETF has a 52 week low of $23.17 and a 52 week high of $28.40. The stock’s fifty day simple moving average is $26.23 and its 200 day simple moving average is $25.48.

iShares MSCI Philippines ETF Company Profile

The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.