iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Up 209.3% in August

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,621,805 shares, a growth of 209.3% from the July 30th total of 524,282 shares. Based on an average trading volume of 1,056,483 shares, the short-interest ratio is presently 1.5 days. Approximately 1.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EUFN. Fisher Asset Management LLC boosted its position in shares of iShares MSCI Europe Financials ETF by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock valued at $1,372,973,000 after acquiring an additional 1,084,716 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Europe Financials ETF by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 7,269,370 shares of the company’s stock worth $269,621,000 after acquiring an additional 492,826 shares during the last quarter. Morgan Stanley increased its position in iShares MSCI Europe Financials ETF by 0.9% during the fourth quarter. Morgan Stanley now owns 5,452,627 shares of the company’s stock worth $202,238,000 after acquiring an additional 46,774 shares during the period. 1607 Capital Partners LLC increased its position in iShares MSCI Europe Financials ETF by 32.0% during the fourth quarter. 1607 Capital Partners LLC now owns 3,805,027 shares of the company’s stock worth $141,128,000 after acquiring an additional 921,396 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in iShares MSCI Europe Financials ETF by 67,377.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock valued at $112,773,000 after purchasing an additional 3,036,019 shares during the last quarter.

iShares MSCI Europe Financials ETF Stock Performance

Shares of iShares MSCI Europe Financials ETF stock traded up $0.14 during trading on Friday, reaching $42.33. The company’s stock had a trading volume of 507,649 shares, compared to its average volume of 1,498,916. The business’s fifty day moving average price is $40.78 and its 200-day moving average price is $38.29. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78. iShares MSCI Europe Financials ETF has a one year low of $32.71 and a one year high of $42.79.

iShares MSCI Europe Financials ETF Announces Dividend

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