iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Large Growth in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 7,656 shares, a growth of 125.6% from the August 31st total of 3,393 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 4,049 shares, the days-to-cover ratio is currently 1.9 days.

iShares MSCI Ireland ETF Stock Down 0.8%

NYSEARCA:EIRL traded down $0.70 during mid-day trading on Tuesday, reaching $82.29. The company’s stock had a trading volume of 1,950 shares, compared to its average volume of 9,101. iShares MSCI Ireland ETF has a 1 year low of $65.85 and a 1 year high of $85.56. The stock has a fifty day moving average of $82.31 and a 200-day moving average of $77.06. The firm has a market capitalization of $78.17 million, a PE ratio of 12.65 and a beta of 0.95.

Institutional Investors Weigh In On iShares MSCI Ireland ETF

Several hedge funds have recently modified their holdings of EIRL. TD Waterhouse Canada Inc. increased its position in iShares MSCI Ireland ETF by 6.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 61,176 shares of the company’s stock valued at $4,810,000 after buying an additional 3,498 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in iShares MSCI Ireland ETF by 5.0% in the first quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock worth $323,000 after acquiring an additional 224 shares in the last quarter. Marotta Asset Management boosted its holdings in iShares MSCI Ireland ETF by 2.9% in the first quarter. Marotta Asset Management now owns 162,963 shares of the company’s stock worth $11,300,000 after acquiring an additional 4,627 shares in the last quarter. Matthew Goff Investment Advisor LLC purchased a new stake in shares of iShares MSCI Ireland ETF during the first quarter worth about $30,316,000. Finally, Global Endowment Management LP purchased a new stake in shares of iShares MSCI Ireland ETF during the fourth quarter worth about $1,103,000.

About iShares MSCI Ireland ETF

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.