The New Ireland Fund, Inc. (NYSE:IRL – Get Rating) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,300 shares, a decrease of 79.7% from the December 31st total of 6,400 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of The New Ireland Fund
A number of hedge funds have recently bought and sold shares of IRL. Bank of America Corp DE increased its holdings in shares of The New Ireland Fund by 40.2% in the 1st quarter. Bank of America Corp DE now owns 4,861 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 1,394 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of The New Ireland Fund in the 3rd quarter valued at about $63,000. Captrust Financial Advisors acquired a new position in shares of The New Ireland Fund in the 2nd quarter valued at about $65,000. Cetera Investment Advisers increased its holdings in shares of The New Ireland Fund by 18.1% in the 1st quarter. Cetera Investment Advisers now owns 13,047 shares of the financial services provider's stock valued at $121,000 after purchasing an additional 2,000 shares during the period. Finally, Meridian Investment Counsel Inc. increased its holdings in shares of The New Ireland Fund by 26.7% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 19,268 shares of the financial services provider's stock valued at $153,000 after purchasing an additional 4,065 shares during the period. 40.12% of the stock is owned by hedge funds and other institutional investors.
Get The New Ireland Fund alerts:The New Ireland Fund Price Performance
IRL stock traded up $0.06 during mid-day trading on Thursday, reaching $10.50. 12,763 shares of the stock traded hands, compared to its average volume of 14,521. The New Ireland Fund has a 52-week low of $6.45 and a 52-week high of $11.46. The stock's fifty day moving average is $9.60 and its 200-day moving average is $8.27.
The New Ireland Fund Cuts Dividend
The company also recently disclosed a — dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 23rd were paid a dividend of $0.2003 per share. The ex-dividend date of this dividend was Thursday, December 22nd.The New Ireland Fund Company Profile
(Get Rating)
The New Ireland Fund, Inc is a closed-end investment company. The Fund objective is to achieve long-term capital appreciation through investment in equity securities of Irish companies. The company was founded on December 14, 1989 and is headquartered in Boston, MA.
Featured Articles
- Get a free copy of the StockNews.com research report on The New Ireland Fund (IRL)
- Chevron Delights Shareholders with $75 Billion in Share Buybacks
- The Future Of E-Commerce: Analysis And New Data
- Levi Strauss Is A Good Fit For Income Investors
- 3 Small Caps That Have Big Upside
- Mullen Automotive: The Good News, The Bad And The Ugly Outlook
Receive News & Ratings for The New Ireland Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The New Ireland Fund and related companies with MarketBeat.com's FREE daily email newsletter.