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

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 17,800 shares, an increase of 89.4% from the September 15th total of 9,400 shares. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is currently 1.0 days.

iShares MSCI New Zealand ETF Stock Up 1.3 %

NASDAQ:ENZL opened at $49.44 on Friday. The firm has a market capitalization of $101.35 million, a PE ratio of 17.63 and a beta of 0.86. iShares MSCI New Zealand ETF has a twelve month low of $41.03 and a twelve month high of $50.41. The stock’s 50-day simple moving average is $48.65 and its 200 day simple moving average is $46.59.

Institutional Investors Weigh In On iShares MSCI New Zealand ETF

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased its holdings in iShares MSCI New Zealand ETF by 793.3% in the 1st quarter. Jane Street Group LLC now owns 161,797 shares of the company’s stock worth $7,360,000 after purchasing an additional 143,685 shares in the last quarter. AMG National Trust Bank acquired a new position in shares of iShares MSCI New Zealand ETF in the second quarter valued at approximately $1,445,000. &PARTNERS bought a new position in iShares MSCI New Zealand ETF in the 2nd quarter valued at approximately $878,000. Syntrinsic LLC acquired a new stake in iShares MSCI New Zealand ETF during the 2nd quarter worth approximately $48,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in iShares MSCI New Zealand ETF by 6.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,694 shares of the company’s stock worth $213,000 after acquiring an additional 275 shares during the last quarter.

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.