iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Unusually-High Trading Volume – Here’s Why

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw strong trading volume on Monday . 1,287,581 shares were traded during trading, an increase of 71% from the previous session’s volume of 752,793 shares.The stock last traded at $28.98 and had previously closed at $28.84.

iShares MSCI Europe Financials ETF Price Performance

The company has a market capitalization of $2.28 billion, a PE ratio of 11.92 and a beta of 1.07. The stock’s 50 day simple moving average is $26.79 and its 200-day simple moving average is $24.95.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors have recently modified their holdings of the business. Centaurus Financial Inc. purchased a new position in iShares MSCI Europe Financials ETF in the third quarter valued at $103,000. Bank of Montreal Can boosted its stake in shares of iShares MSCI Europe Financials ETF by 747.1% in the 3rd quarter. Bank of Montreal Can now owns 304,363 shares of the company’s stock valued at $7,585,000 after buying an additional 268,435 shares during the period. FMR LLC grew its position in shares of iShares MSCI Europe Financials ETF by 11.6% during the third quarter. FMR LLC now owns 49,039 shares of the company’s stock worth $1,213,000 after buying an additional 5,104 shares in the last quarter. Transamerica Financial Advisors Inc. increased its stake in shares of iShares MSCI Europe Financials ETF by 2.9% during the third quarter. Transamerica Financial Advisors Inc. now owns 56,523 shares of the company’s stock worth $1,398,000 after buying an additional 1,616 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in iShares MSCI Europe Financials ETF in the third quarter valued at approximately $1,872,000.

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.