iShares MSCI Ireland ETF (NYSEARCA:EIRL) Sees Large Increase in Short Interest

iShares MSCI Ireland ETF (NYSEARCA:EIRL) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 14,244 shares, an increase of 1,396.2% from the June 30th total of 952 shares. Based on an average daily trading volume, of 10,713 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of iShares MSCI Ireland ETF in the fourth quarter worth $30,000. Raymond James Financial Inc. bought a new stake in iShares MSCI Ireland ETF during the second quarter valued at $145,000. Idaho Trust Co boosted its stake in iShares MSCI Ireland ETF by 9.3% during the fourth quarter. Idaho Trust Co now owns 3,614 shares of the company’s stock valued at $266,000 after buying an additional 307 shares during the period. Wealthfront Advisers LLC grew its position in iShares MSCI Ireland ETF by 5.0% during the first quarter. Wealthfront Advisers LLC now owns 4,694 shares of the company’s stock worth $323,000 after buying an additional 224 shares in the last quarter. Finally, UBS Group AG grew its position in iShares MSCI Ireland ETF by 47.6% during the third quarter. UBS Group AG now owns 8,612 shares of the company’s stock worth $581,000 after buying an additional 2,779 shares in the last quarter.

iShares MSCI Ireland ETF Stock Up 0.7%

NYSEARCA:EIRL traded up $0.52 during mid-day trading on Friday, hitting $78.82. 2,076 shares of the stock traded hands, compared to its average volume of 10,644. The business’s 50-day moving average price is $77.45 and its 200 day moving average price is $74.22. The company has a market cap of $74.88 million, a PE ratio of 12.65 and a beta of 0.95. iShares MSCI Ireland ETF has a 12-month low of $64.70 and a 12-month high of $79.97.

iShares MSCI Ireland ETF Company Profile

The iShares MSCI Ireland ETF (EIRL) is an exchange-traded fund that is based on the MSCI All Ireland Capped index, a market-cap-weighted index of Irish firms. EIRL was launched on May 5, 2010 and is managed by BlackRock.