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

iShares MSCI New Zealand ETF (NASDAQ:ENZL) saw a significant drop in short interest in the month of 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. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily volume of 66,968 shares, the short-interest ratio is presently 0.7 days.

iShares MSCI New Zealand ETF Stock Performance

Shares of NASDAQ:ENZL traded up $0.14 during midday trading on Thursday, reaching $44.86. 60,831 shares of the company’s stock traded hands, compared to its average volume of 39,370. The company has a fifty day simple moving average of $44.88 and a two-hundred day simple moving average of $45.23. iShares MSCI New Zealand ETF has a 1 year low of $41.69 and a 1 year high of $48.24. The company has a market cap of $65.05 million, a P/E ratio of 41.58 and a beta of 0.89.

iShares MSCI New Zealand ETF Announces Dividend

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

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

Several large investors have recently made changes to their positions in the stock. Abound Financial LLC purchased a new position in shares of iShares MSCI New Zealand ETF in the fourth quarter valued at approximately $53,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in iShares MSCI New Zealand ETF during the 1st quarter worth about $85,000. Royal Bank of Canada raised its holdings in shares of iShares MSCI New Zealand ETF by 15.3% in the 1st quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock valued at $212,000 after purchasing an additional 662 shares in the last quarter. Sunpointe LLC acquired a new position in shares of iShares MSCI New Zealand ETF during the fourth quarter worth $212,000. Finally, AlphaCore Capital LLC acquired a new stake in iShares MSCI New Zealand ETF in the fourth quarter valued at $283,000.

About iShares MSCI New Zealand ETF

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.