iShares MSCI Denmark ETF (BATS:EDEN) Stock Price Cross Below 200 Day Moving Average – What’s Next?

iShares MSCI Denmark ETF (BATS:EDEN)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $111.87 and traded as low as $100.42. iShares MSCI Denmark ETF shares last traded at $100.72, with a volume of 5,152 shares.

iShares MSCI Denmark ETF Price Performance

The stock has a market cap of $201.44 million, a PE ratio of 16.34 and a beta of 0.95. The company’s fifty day moving average is $111.91 and its 200-day moving average is $111.87.

Hedge Funds Weigh In On iShares MSCI Denmark ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers boosted its position in iShares MSCI Denmark ETF by 40.2% in the 1st quarter. Rhumbline Advisers now owns 488 shares of the company’s stock worth $51,000 after purchasing an additional 140 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of iShares MSCI Denmark ETF in the second quarter worth about $106,000. Sepio Capital LP boosted its stake in shares of iShares MSCI Denmark ETF by 1.4% during the 2nd quarter. Sepio Capital LP now owns 9,413 shares of the company’s stock worth $1,071,000 after acquiring an additional 131 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Denmark ETF during the 2nd quarter worth about $270,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Denmark ETF during the 2nd quarter valued at about $41,000.

About iShares MSCI Denmark ETF

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.