iShares MSCI New Zealand ETF (NASDAQ:ENZL) Sees Significant Increase in Short Interest

iShares MSCI New Zealand ETF (NASDAQ:ENZLGet Rating) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 13,800 shares, an increase of 79.2% from the April 30th total of 7,700 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is presently 1.2 days.

ENZL opened at $47.88 on Friday. The stock’s 50 day simple moving average is $51.31 and its 200 day simple moving average is $54.83. iShares MSCI New Zealand ETF has a 1 year low of $45.50 and a 1 year high of $65.01.

A number of institutional investors and hedge funds have recently bought and sold shares of ENZL. Candriam Luxembourg S.C.A. bought a new position in iShares MSCI New Zealand ETF during the 1st quarter worth approximately $215,000. Eagle Bay Advisors LLC grew its position in iShares MSCI New Zealand ETF by 100.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 4,400 shares of the company’s stock worth $272,000 after acquiring an additional 2,200 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in iShares MSCI New Zealand ETF in the 3rd quarter worth approximately $273,000. Raymond James & Associates lifted its holdings in iShares MSCI New Zealand ETF by 11.2% in the 1st quarter. Raymond James & Associates now owns 8,848 shares of the company’s stock worth $487,000 after buying an additional 890 shares during the period. Finally, Millennium Management LLC lifted its holdings in iShares MSCI New Zealand ETF by 114.0% in the 4th quarter. Millennium Management LLC now owns 16,096 shares of the company’s stock worth $948,000 after buying an additional 8,576 shares during the period.

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