Short Interest in iShares MSCI Ireland ETF (NYSEARCA:EIRL) Rises By 114.3%

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,500 shares, an increase of 114.3% from the May 15th total of 700 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Institutional investors have recently added to or reduced their stakes in the business. Idaho Trust Bank acquired a new position in iShares MSCI Ireland ETF during the fourth quarter worth approximately $211,000. Creative Financial Designs Inc. ADV increased its position in iShares MSCI Ireland ETF by 51.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,716 shares of the company’s stock worth $160,000 after buying an additional 924 shares during the period. OLD Mission Capital LLC increased its position in iShares MSCI Ireland ETF by 10.7% during the fourth quarter. OLD Mission Capital LLC now owns 28,977 shares of the company’s stock worth $1,702,000 after buying an additional 2,806 shares during the period. Sepio Capital LP increased its position in iShares MSCI Ireland ETF by 1.2% during the fourth quarter. Sepio Capital LP now owns 17,386 shares of the company’s stock worth $1,021,000 after buying an additional 200 shares during the period. Finally, Zacks Investment Management acquired a new position in iShares MSCI Ireland ETF during the fourth quarter worth approximately $614,000.

iShares MSCI Ireland ETF Stock Down 1.6%

EIRL stock opened at $67.22 on Monday. The business has a 50 day moving average price of $62.49 and a 200 day moving average price of $60.62. The stock has a market cap of $67.22 million, a price-to-earnings ratio of 12.29 and a beta of 1.04. iShares MSCI Ireland ETF has a fifty-two week low of $53.51 and a fifty-two week high of $70.37.

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.