iShares MSCI Philippines ETF (NYSEARCA:EPHE – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 570,948 shares, a growth of 93.1% from the May 14th total of 295,722 shares. Currently, 10.7% of the shares of the company are sold short. Based on an average daily volume of 107,648 shares, the short-interest ratio is currently 5.3 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of EPHE. Graham Capital Management L.P. acquired a new stake in shares of iShares MSCI Philippines ETF in the 4th quarter worth approximately $3,030,000. Hsbc Holdings PLC lifted its stake in shares of iShares MSCI Philippines ETF by 9.8% in the 1st quarter. Hsbc Holdings PLC now owns 111,797 shares of the company’s stock worth $2,776,000 after acquiring an additional 9,982 shares during the period. Carrera Capital Advisors lifted its stake in shares of iShares MSCI Philippines ETF by 4.7% in the 4th quarter. Carrera Capital Advisors now owns 104,662 shares of the company’s stock worth $2,608,000 after acquiring an additional 4,726 shares during the period. Man Group plc acquired a new stake in shares of iShares MSCI Philippines ETF in the 2nd quarter worth approximately $1,657,000. Finally, Royal Bank of Canada lifted its stake in shares of iShares MSCI Philippines ETF by 3,416.6% in the 1st quarter. Royal Bank of Canada now owns 56,265 shares of the company’s stock worth $1,423,000 after acquiring an additional 54,665 shares during the period.
iShares MSCI Philippines ETF Trading Up 1.0%
iShares MSCI Philippines ETF stock traded up $0.24 during midday trading on Friday, reaching $25.00. 149,099 shares of the stock traded hands, compared to its average volume of 146,565. The firm has a fifty day moving average price of $24.78 and a two-hundred day moving average price of $25.38. The firm has a market cap of $133.75 million, a price-to-earnings ratio of 10.44 and a beta of 0.56. iShares MSCI Philippines ETF has a fifty-two week low of $23.17 and a fifty-two week high of $28.40.
About iShares MSCI Philippines ETF
The iShares MSCI Philippines ETF (EPHE) is an exchange-traded fund that is based on the MSCI Philippines IMI 25\u002F50 index, a free float-adjusted market-cap-weighted index of the broader Filipino equity market. EPHE was launched on Sep 28, 2010 and is managed by BlackRock.
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