iShares MSCI Denmark ETF (BATS:EDEN) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of iShares MSCI Denmark ETF (BATS:EDEN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €118.11 ($121.76) and traded as low as €106.56 ($109.86). iShares MSCI Denmark ETF shares last traded at €106.57 ($109.86), with a volume of 2,113 shares.

iShares MSCI Denmark ETF Stock Performance

The stock’s 50-day simple moving average is €108.35 and its 200-day simple moving average is €118.11. The firm has a market capitalization of $254.59 million, a PE ratio of 13.77 and a beta of 0.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Capital Group California Inc. raised its position in iShares MSCI Denmark ETF by 1.9% in the 3rd quarter. Legacy Capital Group California Inc. now owns 6,692 shares of the company’s stock valued at $850,000 after purchasing an additional 127 shares during the last quarter. Innealta Capital LLC boosted its position in iShares MSCI Denmark ETF by 4.6% during the third quarter. Innealta Capital LLC now owns 20,071 shares of the company’s stock worth $2,549,000 after purchasing an additional 886 shares in the last quarter. Dai ichi Life Holdings Inc. increased its stake in shares of iShares MSCI Denmark ETF by 4.8% during the 3rd quarter. Dai ichi Life Holdings Inc. now owns 8,700 shares of the company’s stock worth $1,106,000 after purchasing an additional 400 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Denmark ETF in the third quarter worth $961,000. Finally, HighTower Advisors LLC boosted its stake in shares of iShares MSCI Denmark ETF by 1.4% during the third quarter. HighTower Advisors LLC now owns 22,498 shares of the company’s stock valued at $2,870,000 after acquiring an additional 300 shares during the last quarter.

About iShares MSCI Denmark ETF

The iShares MSCI Denmark ETF (EDEN) is an exchange-traded fund that is based on the MSCI Denmark IMI 25\u002F50 index, a market-cap-weighted index of Danish stocks. EDEN was launched on Jan 25, 2012 and is managed by BlackRock.