VanEck Israel ETF (NYSEARCA:ISRA) Sees Significant Drop in Short Interest

VanEck Israel ETF (NYSEARCA:ISRA) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 11,559 shares, a decrease of 60.0% from the May 14th total of 28,899 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 7,260 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On VanEck Israel ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ascent Advisors LLC acquired a new stake in VanEck Israel ETF during the 1st quarter valued at $4,949,000. IMA Advisory Services Inc. lifted its position in shares of VanEck Israel ETF by 0.8% in the first quarter. IMA Advisory Services Inc. now owns 61,616 shares of the company’s stock valued at $3,721,000 after acquiring an additional 517 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of VanEck Israel ETF by 5.3% during the second quarter. Tidal Investments LLC now owns 51,144 shares of the company’s stock valued at $2,651,000 after acquiring an additional 2,563 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VanEck Israel ETF by 8,950.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,183 shares of the company’s stock valued at $2,363,000 after buying an additional 39,739 shares during the period. Finally, Jane Street Group LLC lifted its holdings 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 acquiring an additional 14,415 shares during the period.

VanEck Israel ETF Stock Performance

Shares of ISRA opened at $66.31 on Friday. The stock has a market cap of $151.19 million, a P/E ratio of 14.88 and a beta of 1.00. The company has a 50-day moving average of $66.55 and a two-hundred day moving average of $63.26. VanEck Israel ETF has a 12-month low of $46.00 and a 12-month high of $73.55.

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.