iShares MSCI New Zealand ETF (NASDAQ:ENZL) Sees Significant Drop in Short Interest

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 6,200 shares, a decline of 32.6% from the February 28th total of 9,200 shares. Based on an average daily volume of 6,700 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares MSCI New Zealand ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of iShares MSCI New Zealand ETF during the fourth quarter worth about $5,438,000. Stuart Chaussee & Associates Inc. acquired a new stake in iShares MSCI New Zealand ETF during the 4th quarter valued at approximately $32,000. Jane Street Group LLC increased its holdings in iShares MSCI New Zealand ETF by 119.3% during the 4th quarter. Jane Street Group LLC now owns 38,369 shares of the company’s stock worth $1,734,000 after purchasing an additional 20,869 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of iShares MSCI New Zealand ETF by 39.5% in the 4th quarter. Susquehanna International Group LLP now owns 71,188 shares of the company’s stock valued at $3,216,000 after purchasing an additional 20,140 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in shares of iShares MSCI New Zealand ETF by 1.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 49,956 shares of the company’s stock valued at $2,257,000 after purchasing an additional 931 shares in the last quarter.

iShares MSCI New Zealand ETF Trading Up 0.1 %

Shares of ENZL stock opened at $42.08 on Tuesday. iShares MSCI New Zealand ETF has a twelve month low of $41.53 and a twelve month high of $50.41. The company has a market capitalization of $69.43 million, a PE ratio of 32.90 and a beta of 0.86. The firm has a fifty day simple moving average of $43.75 and a 200-day simple moving average of $46.10.

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.