iShares MSCI New Zealand ETF (NASDAQ:ENZL) Short Interest Update

iShares MSCI New Zealand ETF (NASDAQ:ENZL) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 81,108 shares, an increase of 103.0% from the May 14th total of 39,950 shares. Currently, 5.1% of the company’s shares are short sold. Based on an average daily volume of 38,565 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

Hedge funds have recently modified their holdings of the business. Sunpointe LLC acquired a new position in shares of iShares MSCI New Zealand ETF during the fourth quarter worth $212,000. TD Waterhouse Canada Inc. lifted its holdings in shares of iShares MSCI New Zealand ETF by 9.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 75,542 shares of the company’s stock worth $3,405,000 after purchasing an additional 6,299 shares during the period. AlphaCore Capital LLC acquired a new position in shares of iShares MSCI New Zealand ETF during the fourth quarter worth $283,000. Marotta Asset Management raised its stake in iShares MSCI New Zealand ETF by 4.8% during the first quarter. Marotta Asset Management now owns 177,839 shares of the company’s stock worth $7,566,000 after buying an additional 8,114 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in iShares MSCI New Zealand ETF by 11.7% during the first quarter. Jane Street Group LLC now owns 42,860 shares of the company’s stock worth $1,804,000 after buying an additional 4,491 shares during the last quarter.

iShares MSCI New Zealand ETF Stock Performance

Shares of NASDAQ:ENZL traded up $0.32 during mid-day trading on Friday, reaching $46.00. 51,594 shares of the company’s stock were exchanged, compared to its average volume of 37,369. The firm has a market capitalization of $73.60 million, a price-to-earnings ratio of 41.58 and a beta of 0.89. The business’s fifty day moving average price is $44.70 and its 200-day moving average price is $45.33. iShares MSCI New Zealand ETF has a twelve month low of $41.69 and a twelve month high of $48.24.

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.