iShares MSCI Chile ETF (BATS:ECH) Sees Large Drop in Short Interest

iShares MSCI Chile ETF (BATS:ECHGet Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 861,816 shares, a decline of 48.5% from the May 31st total of 1,674,155 shares. Approximately 4.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 573,034 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On iShares MSCI Chile ETF

Several hedge funds have recently bought and sold shares of ECH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of iShares MSCI Chile ETF during the 1st quarter valued at $186,000. Marshall Wace LLP boosted its stake in shares of iShares MSCI Chile ETF by 114.7% during the 2nd quarter. Marshall Wace LLP now owns 32,208 shares of the company’s stock worth $1,013,000 after acquiring an additional 17,204 shares in the last quarter. Cresset Asset Management LLC acquired a new position in iShares MSCI Chile ETF during the second quarter valued at approximately $561,000. Qube Research & Technologies Ltd acquired a new position in iShares MSCI Chile ETF in the 2nd quarter valued at $2,273,000. Finally, Raymond James Financial Inc. lifted its position in iShares MSCI Chile ETF by 121.8% during the 2nd quarter. Raymond James Financial Inc. now owns 54,977 shares of the company’s stock worth $1,729,000 after acquiring an additional 30,190 shares during the last quarter.

iShares MSCI Chile ETF Stock Up 0.7%

Shares of iShares MSCI Chile ETF stock opened at $39.80 on Tuesday. The stock’s fifty day moving average is $40.93 and its 200-day moving average is $41.65. The firm has a market capitalization of $803.96 million, a PE ratio of 12.06 and a beta of 0.74. iShares MSCI Chile ETF has a 12-month low of $29.28 and a 12-month high of $47.85.

About iShares MSCI Chile ETF

(Get Free Report)

iShares MSCI Chile Capped ETF, formerly iShares MSCI Chile Capped Investable Market Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance of the MSCI Chile Investable Market Index (the Index). The Index is a free float-adjusted market capitalization index that is designed to measure broad based equity market performance in Chile. The Index consists of stocks traded primarily on the Santiago Stock Exchange.

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