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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 307,400 shares, an increase of 5.7% from the October 31st total of 290,700 shares. Based on an average daily volume of 388,500 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EUFN. EP Wealth Advisors LLC purchased a new position in iShares MSCI Europe Financials ETF in the third quarter valued at $183,000. Jane Street Group LLC boosted its holdings in iShares MSCI Europe Financials ETF by 263.2% in the third quarter. Jane Street Group LLC now owns 1,872,119 shares of the company’s stock valued at $46,298,000 after purchasing an additional 1,356,609 shares during the period. HighTower Advisors LLC boosted its holdings in iShares MSCI Europe Financials ETF by 3.0% in the third quarter. HighTower Advisors LLC now owns 105,769 shares of the company’s stock valued at $2,613,000 after purchasing an additional 3,050 shares during the period. Flow Traders U.S. LLC purchased a new position in iShares MSCI Europe Financials ETF in the third quarter valued at $1,872,000. Finally, Transamerica Financial Advisors Inc. boosted its holdings in iShares MSCI Europe Financials ETF by 2.9% in the third quarter. Transamerica Financial Advisors Inc. now owns 56,523 shares of the company’s stock valued at $1,398,000 after purchasing an additional 1,616 shares during the period.

iShares MSCI Europe Financials ETF Price Performance

Shares of NASDAQ:EUFN traded up $0.15 during midday trading on Tuesday, hitting $24.01. The company had a trading volume of 89,855 shares, compared to its average volume of 589,160. The business’s 50-day simple moving average is $24.09 and its 200-day simple moving average is $23.57. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07. iShares MSCI Europe Financials ETF has a twelve month low of $19.89 and a twelve month high of $25.09.

iShares MSCI Europe Financials ETF Company Profile

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.