iShares MSCI Israel ETF (NYSEARCA:EIS) Short Interest Down 55.4% in December

iShares MSCI Israel ETF (NYSEARCA:EIS) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 77,929 shares, a drop of 55.4% from the December 15th total of 174,878 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 59,030 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 59,030 shares, the short-interest ratio is presently 1.3 days. Currently, 1.4% of the shares of the company are sold short.

iShares MSCI Israel ETF Trading Down 0.1%

Shares of EIS stock traded down $0.17 during trading hours on Friday, hitting $119.15. The company’s stock had a trading volume of 125,772 shares, compared to its average volume of 128,007. The stock has a market cap of $691.07 million, a price-to-earnings ratio of 13.79 and a beta of 1.03. The business has a fifty day moving average of $109.42 and a 200-day moving average of $100.67. iShares MSCI Israel ETF has a twelve month low of $67.96 and a twelve month high of $120.07.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in shares of iShares MSCI Israel ETF during the third quarter worth about $25,000. Princeton Global Asset Management LLC raised its holdings in shares of iShares MSCI Israel ETF by 49.8% in the 3rd quarter. Princeton Global Asset Management LLC now owns 301 shares of the company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of iShares MSCI Israel ETF during the third quarter valued at approximately $37,000. AlphaCore Capital LLC purchased a new stake in iShares MSCI Israel ETF in the 3rd quarter worth about $40,000. Finally, Cloud Capital Management LLC purchased a new position in iShares MSCI Israel ETF in the third quarter valued at about $52,000.

About iShares MSCI Israel ETF

The iShares MSCI Israel ETF (EIS) is an exchange-traded fund that is based on the MSCI Israel Capped index, a market-cap-weighted index of Israeli firms. EIS was launched on Mar 26, 2008 and is managed by BlackRock.