iShares MSCI New Zealand ETF (NASDAQ:ENZL) Sees Large Increase in Short Interest

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 7,800 shares, a growth of 34.5% from the December 15th total of 5,800 shares. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is presently 0.6 days.

iShares MSCI New Zealand ETF Stock Up 1.0 %

Shares of iShares MSCI New Zealand ETF stock opened at $45.44 on Friday. The company has a market capitalization of $77.25 million, a price-to-earnings ratio of 17.63 and a beta of 0.86. The stock’s 50-day simple moving average is $46.34 and its 200-day simple moving average is $47.34. iShares MSCI New Zealand ETF has a 52 week low of $43.86 and a 52 week high of $50.41.

iShares MSCI New Zealand ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $0.6152 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of iShares MSCI New Zealand ETF by 26.7% in the third quarter. Blue Trust Inc. now owns 1,408 shares of the company’s stock worth $64,000 after buying an additional 297 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in iShares MSCI New Zealand ETF in the 4th quarter worth $679,000. Wilmington Savings Fund Society FSB bought a new position in shares of iShares MSCI New Zealand ETF during the 3rd quarter valued at about $400,000. Sunbelt Securities Inc. purchased a new position in shares of iShares MSCI New Zealand ETF during the third quarter valued at about $461,000. Finally, L.M. Kohn & Company bought a new stake in shares of iShares MSCI New Zealand ETF in the third quarter worth about $271,000.

iShares MSCI New Zealand ETF Company Profile

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.