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

iShares MSCI New Zealand ETF (NASDAQ:ENZL) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 6,100 shares, a decrease of 53.1% from the November 15th total of 13,000 shares. Based on an average daily volume of 21,700 shares, the days-to-cover ratio is currently 0.3 days.

iShares MSCI New Zealand ETF Price Performance

Shares of NASDAQ ENZL traded up $0.23 during trading hours on Friday, hitting $45.78. 2,962 shares of the stock were exchanged, compared to its average volume of 12,687. iShares MSCI New Zealand ETF has a one year low of $43.86 and a one year high of $50.41. The company’s 50 day moving average is $47.85 and its 200 day moving average is $47.45. The firm has a market capitalization of $89.27 million, a P/E ratio of 17.63 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC increased its stake 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 purchasing an additional 275 shares during the period. Blue Trust Inc. grew its holdings in iShares MSCI New Zealand ETF by 26.7% in the 3rd quarter. Blue Trust Inc. now owns 1,408 shares of the company’s stock valued at $64,000 after buying an additional 297 shares during the last quarter. Syntrinsic LLC acquired a new stake in iShares MSCI New Zealand ETF in the 2nd quarter valued at approximately $48,000. L.M. Kohn & Company bought a new position in iShares MSCI New Zealand ETF in the 3rd quarter worth approximately $271,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of iShares MSCI New Zealand ETF during the third quarter worth approximately $400,000.

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.