iShares MSCI New Zealand ETF (NASDAQ:ENZL) Short Interest Up 7.2% in April

iShares MSCI New Zealand ETF (NASDAQ:ENZL) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 25,200 shares, a growth of 7.2% from the April 15th total of 23,500 shares. Based on an average daily trading volume, of 14,300 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ENZL. Blue Trust Inc. grew its position in shares of iShares MSCI New Zealand ETF by 53.2% in the 4th quarter. Blue Trust Inc. now owns 769 shares of the company’s stock worth $34,000 after buying an additional 267 shares during the last quarter. Advantage Trust Co bought a new position in iShares MSCI New Zealand ETF in the 4th quarter worth $87,000. AMG National Trust Bank boosted its stake in shares of iShares MSCI New Zealand ETF by 0.6% during the 3rd quarter. AMG National Trust Bank now owns 40,289 shares of the company’s stock valued at $1,784,000 after purchasing an additional 250 shares in the last quarter. Jane Street Group LLC lifted its holdings in iShares MSCI New Zealand ETF by 793.3% in the first quarter. Jane Street Group LLC now owns 161,797 shares of the company’s stock worth $7,360,000 after buying an additional 143,685 shares during the period. Finally, Marotta Asset Management grew its holdings in shares of iShares MSCI New Zealand ETF by 4.3% during the 4th quarter. Marotta Asset Management now owns 189,456 shares of the company’s stock worth $9,188,000 after acquiring an additional 7,748 shares during the period.

iShares MSCI New Zealand ETF Trading Up 0.8 %

Shares of NASDAQ:ENZL opened at $45.89 on Friday. The company has a 50-day moving average price of $45.09 and a 200-day moving average price of $45.76. The company has a market cap of $89.49 million, a price-to-earnings ratio of 17.63 and a beta of 0.86. iShares MSCI New Zealand ETF has a 12 month low of $41.03 and a 12 month high of $51.30.

About iShares MSCI New Zealand ETF

The iShares MSCI New Zealand ETF (ENZL) is an exchange-traded fund that is based on the MSCI New Zeland IMI 25-50 index. The fund tracks the performance of a market-cap-weighted index of equity securities in the top 99% of the New Zealand equity market. ENZL was launched on Sep 1, 2010 and is managed by BlackRock.