iShares MSCI Indonesia ETF (NYSEARCA:EIDO – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,307,407 shares, a drop of 55.6% from the June 15th total of 5,195,880 shares. Based on an average daily volume of 1,940,095 shares, the short-interest ratio is currently 1.2 days. Approximately 6.5% of the company’s stock are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Main Management LLC purchased a new stake in shares of iShares MSCI Indonesia ETF during the 4th quarter worth $43,000. Group One Trading LLC purchased a new position in iShares MSCI Indonesia ETF in the third quarter valued at about $70,000. AlphaCentric Advisors LLC bought a new position in iShares MSCI Indonesia ETF in the fourth quarter worth about $147,000. Whitcomb & Hess Inc. lifted its position in shares of iShares MSCI Indonesia ETF by 52.8% during the second quarter. Whitcomb & Hess Inc. now owns 15,415 shares of the company’s stock valued at $174,000 after buying an additional 5,325 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of iShares MSCI Indonesia ETF by 92.4% in the 4th quarter. Osaic Holdings Inc. now owns 11,059 shares of the company’s stock valued at $207,000 after buying an additional 5,310 shares in the last quarter.
iShares MSCI Indonesia ETF Stock Up 1.5%
EIDO stock traded up $0.18 during trading on Thursday, hitting $12.19. 768,428 shares of the company’s stock traded hands, compared to its average volume of 1,123,772. The firm has a market capitalization of $464.44 million, a P/E ratio of 11.90 and a beta of 0.32. iShares MSCI Indonesia ETF has a 1 year low of $10.72 and a 1 year high of $19.28. The business has a fifty day simple moving average of $12.57 and a two-hundred day simple moving average of $15.50.
iShares MSCI Indonesia ETF Company Profile
The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.
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