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

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 10,400 shares, a decline of 5.5% from the June 30th total of 11,000 shares. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ENZL. Blue Trust Inc. grew its stake in iShares MSCI New Zealand ETF by 53.2% in the fourth quarter. Blue Trust Inc. now owns 769 shares of the company’s stock valued at $34,000 after purchasing an additional 267 shares in the last quarter. Advantage Trust Co purchased a new position in iShares MSCI New Zealand ETF in the fourth quarter valued at about $87,000. Jane Street Group LLC grew its stake 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 valued at $7,360,000 after purchasing an additional 143,685 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of iShares MSCI New Zealand ETF by 6.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,694 shares of the company’s stock worth $213,000 after buying an additional 275 shares during the last quarter. Finally, &PARTNERS acquired a new stake in shares of iShares MSCI New Zealand ETF in the second quarter worth about $878,000.

iShares MSCI New Zealand ETF Trading Down 1.1 %

Shares of ENZL stock opened at $45.83 on Friday. iShares MSCI New Zealand ETF has a 1-year low of $41.03 and a 1-year high of $49.00. The company has a market capitalization of $84.79 million, a price-to-earnings ratio of 17.63 and a beta of 0.86. The stock’s fifty day simple moving average is $45.88 and its 200-day simple moving average is $45.62.

iShares MSCI New Zealand ETF Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were paid a $0.3487 dividend. The ex-dividend date of this dividend was Tuesday, June 11th.

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.