Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Declines By 65.9%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 524,282 shares, a decline of 65.9% from the July 15th total of 1,535,965 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 1,474,392 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Triumph Capital Management purchased a new position in shares of iShares MSCI Europe Financials ETF during the third quarter worth about $31,000. Larson Financial Group LLC lifted its holdings in shares of iShares MSCI Europe Financials ETF by 85.5% in the 4th quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock valued at $32,000 after purchasing an additional 394 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of iShares MSCI Europe Financials ETF by 130.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock valued at $32,000 after purchasing an additional 519 shares during the period. Arax Advisory Partners acquired a new stake in shares of iShares MSCI Europe Financials ETF in the 4th quarter valued at about $32,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in iShares MSCI Europe Financials ETF during the 1st quarter worth approximately $34,000.

iShares MSCI Europe Financials ETF Stock Up 0.4%

EUFN traded up $0.18 on Friday, reaching $42.57. The company’s stock had a trading volume of 1,089,186 shares, compared to its average volume of 1,512,386. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78. iShares MSCI Europe Financials ETF has a fifty-two week low of $32.71 and a fifty-two week high of $42.74. The stock has a 50 day moving average of $40.05 and a two-hundred day moving average of $38.04.

iShares MSCI Europe Financials ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.1368 dividend. The ex-dividend date was Monday, June 15th.

About iShares MSCI Europe Financials ETF

iShares MSCI Europe Financials ETF, formerly iShares MSCI Europe Financials Sector Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the MSCI Europe Financials Index (the Index). The Index is a free float-adjusted market capitalization weighted index designed to measure the combined equity market performance of the financials sector of developed market countries in Europe. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.