VanEck Israel ETF (NYSEARCA:ISRA) Sees Significant Drop in Short Interest

VanEck Israel ETF (NYSEARCA:ISRA) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 11,559 shares, a decrease of 60.0% from the May 14th total of 28,899 shares. Based on an average trading volume of 7,260 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.5% of the shares of the stock are sold short.

VanEck Israel ETF Price Performance

Shares of NYSEARCA:ISRA opened at $66.31 on Friday. The business’s 50 day moving average price is $66.55 and its 200-day moving average price is $63.26. The firm has a market capitalization of $151.19 million, a PE ratio of 14.88 and a beta of 1.00. VanEck Israel ETF has a 1 year low of $46.00 and a 1 year high of $73.55.

Institutional Investors Weigh In On VanEck Israel ETF

A number of hedge funds have recently modified their holdings of the business. Common Fund For Nonprofit Organizations boosted its position in VanEck Israel ETF by 1.4% during the fourth quarter. Common Fund For Nonprofit Organizations now owns 18,518 shares of the company’s stock worth $1,089,000 after acquiring an additional 263 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of VanEck Israel ETF by 2.1% during the 1st quarter. Bank of America Corp DE now owns 13,979 shares of the company’s stock worth $845,000 after purchasing an additional 285 shares during the last quarter. Cetera Investment Advisers boosted its holdings in VanEck Israel ETF by 6.0% in the 4th quarter. Cetera Investment Advisers now owns 5,575 shares of the company’s stock valued at $328,000 after purchasing an additional 318 shares during the last quarter. IFP Advisors Inc grew its position in VanEck Israel ETF by 241.9% in the fourth quarter. IFP Advisors Inc now owns 653 shares of the company’s stock worth $38,000 after acquiring an additional 462 shares during the period. Finally, Royal Bank of Canada increased its stake in VanEck Israel ETF by 42.9% during the first quarter. Royal Bank of Canada now owns 1,699 shares of the company’s stock worth $103,000 after acquiring an additional 510 shares during the last quarter.

VanEck Israel ETF Company Profile

The VanEck Israel ETF (ISRA) is an exchange-traded fund that is based on the BlueStar Israel Global index. The fund tracks a cap-weighted, committee-reviewed index of Israeli and Israeli-linked companies. ISRA was launched on Jun 25, 2013 and is managed by VanEck.