Short Interest in iShares MSCI Eurozone ETF (BATS:EZU) Expands By 71.5%

iShares MSCI Eurozone ETF (BATS:EZU) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,716,828 shares, a growth of 71.5% from the April 30th total of 1,583,840 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,762,064 shares, the days-to-cover ratio is presently 1.5 days.

iShares MSCI Eurozone ETF Stock Up 0.7%

BATS:EZU opened at $69.34 on Wednesday. The stock’s 50-day simple moving average is $65.91 and its 200 day simple moving average is $65.29. The firm has a market capitalization of $9.46 billion, a PE ratio of 16.35 and a beta of 1.01. iShares MSCI Eurozone ETF has a twelve month low of $56.70 and a twelve month high of $69.44.

Hedge Funds Weigh In On iShares MSCI Eurozone ETF

Hedge funds have recently made changes to their positions in the stock. Tucker Asset Management LLC bought a new position in shares of iShares MSCI Eurozone ETF during the fourth quarter worth about $27,000. Financial Network Wealth Advisors LLC raised its position in shares of iShares MSCI Eurozone ETF by 177.8% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 439 shares of the company’s stock worth $28,000 after acquiring an additional 281 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of iShares MSCI Eurozone ETF during the fourth quarter worth about $32,000. Miller Capital Partners Inc. bought a new position in shares of iShares MSCI Eurozone ETF during the fourth quarter worth about $33,000. Finally, Simplex Trading LLC bought a new position in shares of iShares MSCI Eurozone ETF during the fourth quarter worth about $35,000.

About iShares MSCI Eurozone ETF

iShares MSCI EMU ETF, formerly iShares MSCI EMU Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the European Monetary Union (EMU) markets, as measured by the MSCI EMU Index (the Index). The Index seeks to measure the performance of the equity markets of the EMU member countries: those members of the European Union who have adopted the Euro as its currency.