iShares MSCI Israel ETF (NYSEARCA:EIS – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 187,798 shares, a decline of 40.0% from the May 31st total of 313,079 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average trading volume of 110,779 shares, the days-to-cover ratio is currently 1.7 days.
iShares MSCI Israel ETF Stock Performance
EIS traded down $0.11 on Wednesday, hitting $120.60. 97,267 shares of the company were exchanged, compared to its average volume of 137,693. The stock’s fifty day moving average is $128.65 and its 200-day moving average is $122.38. iShares MSCI Israel ETF has a 12 month low of $87.00 and a 12 month high of $138.85. The company has a market cap of $904.50 million, a PE ratio of 13.79 and a beta of 1.03.
Institutional Investors Weigh In On iShares MSCI Israel ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of iShares MSCI Israel ETF by 55.1% in the 1st quarter. Royal Bank of Canada now owns 17,203 shares of the company’s stock valued at $1,278,000 after buying an additional 6,115 shares during the last quarter. Jane Street Group LLC acquired a new position in iShares MSCI Israel ETF during the first quarter worth $5,684,000. Raymond James Financial Inc. increased its holdings in iShares MSCI Israel ETF by 36.9% during the second quarter. Raymond James Financial Inc. now owns 11,410 shares of the company’s stock worth $1,083,000 after buying an additional 3,078 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in iShares MSCI Israel ETF during the second quarter worth $276,000. Finally, MML Investors Services LLC raised its position in iShares MSCI Israel ETF by 33.6% during the second quarter. MML Investors Services LLC now owns 8,170 shares of the company’s stock worth $775,000 after acquiring an additional 2,055 shares in the last quarter.
About iShares MSCI Israel ETF
The iShares MSCI Israel ETF (EIS) is an exchange-traded fund that is based on the MSCI Israel Capped index, a market-cap-weighted index of Israeli firms. EIS was launched on Mar 26, 2008 and is managed by BlackRock.
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