Short Interest in iShares MSCI EAFE Growth ETF (BATS:EFG) Rises By 321.8%

iShares MSCI EAFE Growth ETF (BATS:EFG) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,950,516 shares, a growth of 321.8% from the May 14th total of 699,462 shares. Based on an average daily volume of 1,280,030 shares, the short-interest ratio is currently 2.3 days. Approximately 2.5% of the company’s stock are short sold.

iShares MSCI EAFE Growth ETF Stock Performance

Shares of EFG opened at $118.72 on Thursday. The company’s 50 day moving average price is $119.62 and its 200 day moving average price is $117.61. iShares MSCI EAFE Growth ETF has a 52 week low of $106.33 and a 52 week high of $124.28. The company has a market capitalization of $13.96 billion, a PE ratio of 24.98 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EFG. Basepoint Wealth LLC acquired a new stake in iShares MSCI EAFE Growth ETF in the fourth quarter valued at approximately $25,000. Signature Equity Partners LLC lifted its stake in iShares MSCI EAFE Growth ETF by 1,147.4% in the first quarter. Signature Equity Partners LLC now owns 237 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Evermay Wealth Management LLC lifted its stake in iShares MSCI EAFE Growth ETF by 87.0% in the fourth quarter. Evermay Wealth Management LLC now owns 245 shares of the company’s stock valued at $28,000 after acquiring an additional 114 shares during the last quarter. Barnes Dennig Private Wealth Management LLC lifted its stake in iShares MSCI EAFE Growth ETF by 327.7% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 278 shares of the company’s stock valued at $32,000 after acquiring an additional 213 shares during the last quarter. Finally, Wellington Grp LLC lifted its stake in iShares MSCI EAFE Growth ETF by 125.9% in the first quarter. Wellington Grp LLC now owns 332 shares of the company’s stock valued at $37,000 after acquiring an additional 185 shares during the last quarter.

About iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.