Short Interest in iShares MSCI New Zealand ETF (NASDAQ:ENZL) Declines By 39.7%

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 48,907 shares, a drop of 39.7% from the May 31st total of 81,108 shares. Approximately 3.1% of the company’s stock are sold short. Based on an average daily volume of 66,968 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of iShares MSCI New Zealand ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in iShares MSCI New Zealand ETF by 15.3% in the first quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock valued at $212,000 after acquiring an additional 662 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of iShares MSCI New Zealand ETF during the 1st quarter worth about $85,000. Marotta Asset Management raised its holdings in shares of iShares MSCI New Zealand ETF by 4.8% in the 1st quarter. Marotta Asset Management now owns 177,839 shares of the company’s stock valued at $7,566,000 after purchasing an additional 8,114 shares during the period. Abound Financial LLC bought a new stake in shares of iShares MSCI New Zealand ETF in the 4th quarter valued at about $53,000. Finally, AlphaCore Capital LLC bought a new stake in shares of iShares MSCI New Zealand ETF in the 4th quarter valued at about $283,000.

iShares MSCI New Zealand ETF Trading Down 0.1%

Shares of iShares MSCI New Zealand ETF stock traded down $0.04 on Wednesday, reaching $44.75. 1,130 shares of the company were exchanged, compared to its average volume of 39,309. iShares MSCI New Zealand ETF has a one year low of $41.69 and a one year high of $48.24. The company has a market capitalization of $71.60 million, a price-to-earnings ratio of 41.58 and a beta of 0.89. The company has a 50-day moving average of $44.87 and a 200 day moving average of $45.25.

iShares MSCI New Zealand ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.4368 per share. The ex-dividend date was Monday, June 15th.

iShares MSCI New Zealand ETF Company Profile

The iShares MSCI New Zealand ETF (ENZL) is an exchange-traded fund that is based on the MSCI New Zeland IMI 25-50 index. The fund tracks the performance of a market-cap-weighted index of equity securities in the top 99% of the New Zealand equity market. ENZL was launched on Sep 1, 2010 and is managed by BlackRock.