iShares MSCI Denmark ETF (BATS:EDEN) Share Price Cross Below 200-Day Moving Average – What’s Next?

iShares MSCI Denmark ETF (BATS:EDEN)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of €120.29 ($125.30) and traded as low as €103.11 ($107.40). iShares MSCI Denmark ETF shares last traded at €103.21 ($107.51), with a volume of 4,827 shares.

iShares MSCI Denmark ETF Stock Performance

The firm has a market capitalization of $254.60 million, a PE ratio of 13.77 and a beta of 0.79. The stock’s 50-day simple moving average is €110.33 and its 200-day simple moving average is €120.12.

Institutional Trading of iShares MSCI Denmark ETF

Hedge funds have recently modified their holdings of the business. Legacy Capital Group California Inc. increased its position in iShares MSCI Denmark ETF by 1.9% during the 3rd quarter. Legacy Capital Group California Inc. now owns 6,692 shares of the company’s stock valued at $850,000 after buying an additional 127 shares in the last quarter. Contravisory Investment Management Inc. grew its stake in shares of iShares MSCI Denmark ETF by 1.9% in the third quarter. Contravisory Investment Management Inc. now owns 6,762 shares of the company’s stock worth $859,000 after acquiring an additional 127 shares during the last quarter. HighTower Advisors LLC increased its holdings 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 in the last quarter. Dai ichi Life Holdings Inc. raised its position in shares of iShares MSCI Denmark ETF by 4.8% in 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 during the last quarter. Finally, Innealta Capital LLC grew its position in iShares MSCI Denmark ETF by 4.6% during the 3rd quarter. Innealta Capital LLC now owns 20,071 shares of the company’s stock valued at $2,549,000 after purchasing an additional 886 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.