iShares MSCI Indonesia ETF (NYSEARCA:EIDO) Sees Large Decrease in Short Interest

iShares MSCI Indonesia ETF (NYSEARCA:EIDO) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 2,307,407 shares, a drop of 55.6% from the June 15th total of 5,195,880 shares. Currently, 6.5% of the shares of the stock are sold short. Based on an average daily volume of 1,940,095 shares, the days-to-cover ratio is currently 1.2 days.

iShares MSCI Indonesia ETF Trading Down 0.5%

EIDO stock traded down $0.06 during trading on Wednesday, hitting $12.01. 1,163,989 shares of the stock traded hands, compared to its average volume of 1,126,828. iShares MSCI Indonesia ETF has a one year low of $10.72 and a one year high of $19.28. The stock has a market cap of $457.58 million, a price-to-earnings ratio of 11.90 and a beta of 0.32. The company has a 50 day simple moving average of $12.57 and a 200 day simple moving average of $15.50.

Institutional Investors Weigh In On iShares MSCI Indonesia ETF

Large investors have recently bought and sold shares of the business. Nan Fung Trinity HK Ltd. boosted its stake in iShares MSCI Indonesia ETF by 94.2% in the fourth quarter. Nan Fung Trinity HK Ltd. now owns 1,221,700 shares of the company’s stock worth $22,846,000 after purchasing an additional 592,600 shares in the last quarter. Sun Life Financial Inc. lifted its position in iShares MSCI Indonesia ETF by 269.6% during the 4th quarter. Sun Life Financial Inc. now owns 725,660 shares of the company’s stock worth $13,570,000 after buying an additional 529,329 shares in the last quarter. Main Management ETF Advisors LLC bought a new stake in iShares MSCI Indonesia ETF during the 4th quarter worth about $8,366,000. Man Group plc bought a new stake in iShares MSCI Indonesia ETF during the 4th quarter worth about $6,085,000. Finally, Lumbard & Kellner LLC increased its position in iShares MSCI Indonesia ETF by 0.8% in the 4th quarter. Lumbard & Kellner LLC now owns 200,651 shares of the company’s stock valued at $3,752,000 after acquiring an additional 1,499 shares in the last quarter.

About iShares MSCI Indonesia ETF

The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.