Short Interest in iShares MSCI Denmark ETF (BATS:EDEN) Drops By 62.7%

iShares MSCI Denmark ETF (BATS:EDENGet Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,029 shares, a drop of 62.7% from the July 15th total of 2,761 shares. Based on an average trading volume of 4,638 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

iShares MSCI Denmark ETF Stock Performance

EDEN stock opened at $115.57 on Friday. The company has a market capitalization of $231.14 million, a P/E ratio of 16.34 and a beta of 0.95. iShares MSCI Denmark ETF has a 52-week low of $98.31 and a 52-week high of $125.64. The business has a 50-day simple moving average of $111.97 and a two-hundred day simple moving average of $110.81.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Denmark ETF during the second quarter valued at approximately $41,000. Rhumbline Advisers raised its position in iShares MSCI Denmark ETF by 40.2% in the 1st quarter. Rhumbline Advisers now owns 488 shares of the company’s stock valued at $51,000 after buying an additional 140 shares during the last quarter. Arax Advisory Partners bought a new position in iShares MSCI Denmark ETF during the 4th quarter valued at $107,000. CIBC Private Wealth Group LLC bought a new position in iShares MSCI Denmark ETF during the 4th quarter valued at $119,000. Finally, PNC Financial Services Group Inc. boosted its holdings in iShares MSCI Denmark ETF by 28.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,560 shares of the company’s stock worth $163,000 after acquiring an additional 350 shares during the last quarter.

iShares MSCI Denmark ETF Company Profile

(Get Free Report)

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.

Further Reading

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