iShares MSCI Denmark ETF (BATS:EDEN) Short Interest Up 261.7% in August

iShares MSCI Denmark ETF (BATS:EDEN) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 3,722 shares, a growth of 261.7% from the July 30th total of 1,029 shares. Based on an average daily trading volume, of 21,568 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MSCI Denmark ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Denmark ETF in the 2nd quarter worth $41,000. Rhumbline Advisers increased its position in iShares MSCI Denmark ETF by 40.2% during the first quarter. Rhumbline Advisers now owns 488 shares of the company’s stock valued at $51,000 after acquiring an additional 140 shares during the last quarter. Arax Advisory Partners bought a new position in iShares MSCI Denmark ETF in the fourth quarter valued at about $107,000. CIBC Private Wealth Group LLC bought a new position in iShares MSCI Denmark ETF in the fourth quarter valued at about $119,000. Finally, PNC Financial Services Group Inc. boosted its position in iShares MSCI Denmark ETF by 28.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,560 shares of the company’s stock worth $163,000 after purchasing an additional 350 shares during the last quarter.

iShares MSCI Denmark ETF Stock Performance

EDEN opened at $118.49 on Friday. The stock has a market capitalization of $236.98 million, a P/E ratio of 16.34 and a beta of 0.95. The company’s 50-day simple moving average is $113.81 and its two-hundred day simple moving average is $110.57. iShares MSCI Denmark ETF has a 52-week low of $98.31 and a 52-week high of $125.64.

About iShares MSCI Denmark ETF

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.