iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Update

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 882,190 shares, a decrease of 45.6% from the August 15th total of 1,621,805 shares. Based on an average daily volume of 1,254,992 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.9% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in iShares MSCI Europe Financials ETF by 85.5% during the fourth quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after purchasing an additional 394 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of iShares MSCI Europe Financials ETF by 130.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 918 shares of the company’s stock worth $32,000 after buying an additional 519 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of iShares MSCI Europe Financials ETF during the 1st quarter worth $34,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 1st quarter worth about $42,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 4th quarter worth about $44,000.

iShares MSCI Europe Financials ETF Trading Up 1.2%

Shares of NASDAQ EUFN traded up $0.50 during midday trading on Thursday, reaching $41.76. 626,504 shares of the company were exchanged, compared to its average volume of 1,533,445. iShares MSCI Europe Financials ETF has a 1 year low of $32.90 and a 1 year high of $43.07. The stock has a fifty day simple moving average of $41.63 and a 200 day simple moving average of $38.75. The stock has a market cap of $4.22 billion, a P/E ratio of 11.10 and a beta of 0.78.

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.