iShares MSCI New Zealand ETF (NASDAQ:ENZL) Stock Short Interest Report for October

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 7,064 shares, a decline of 43.3% from the September 30th total of 12,464 shares. Based on an average daily volume of 10,515 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ENZL. Farther Finance Advisors LLC grew its stake in iShares MSCI New Zealand ETF by 66.3% during the third quarter. Farther Finance Advisors LLC now owns 1,380 shares of the company’s stock worth $62,000 after buying an additional 550 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in iShares MSCI New Zealand ETF during the 1st quarter worth approximately $85,000. Royal Bank of Canada grew its position in iShares MSCI New Zealand ETF by 15.3% during the 1st quarter. Royal Bank of Canada now owns 4,982 shares of the company’s stock worth $212,000 after acquiring an additional 662 shares during the last quarter. USA Financial Formulas acquired a new position in iShares MSCI New Zealand ETF in the third quarter worth $286,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of iShares MSCI New Zealand ETF by 13.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,712 shares of the company’s stock worth $659,000 after purchasing an additional 1,700 shares during the last quarter.

iShares MSCI New Zealand ETF Trading Down 0.9%

iShares MSCI New Zealand ETF stock traded down $0.41 during mid-day trading on Monday, hitting $44.40. 18,973 shares of the company’s stock were exchanged, compared to its average volume of 50,763. iShares MSCI New Zealand ETF has a 1-year low of $41.69 and a 1-year high of $49.04. The stock has a 50 day moving average of $45.84 and a two-hundred day moving average of $45.63. The stock has a market cap of $64.38 million, a P/E ratio of 41.58 and a beta of 0.91.

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.