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

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

Institutional Trading of iShares MSCI EAFE Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Central Pacific Bank Trust Division purchased a new position in iShares MSCI EAFE Growth ETF during the fourth quarter valued at approximately $735,000. Affinity Capital Advisors LLC grew its position in iShares MSCI EAFE Growth ETF by 4.5% during the fourth quarter. Affinity Capital Advisors LLC now owns 143,393 shares of the company’s stock valued at $16,335,000 after purchasing an additional 6,182 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in iShares MSCI EAFE Growth ETF by 14.5% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 161,867 shares of the company’s stock valued at $18,433,000 after purchasing an additional 20,519 shares in the last quarter. Asempa Wealth Advisors purchased a new position in iShares MSCI EAFE Growth ETF during the fourth quarter valued at approximately $1,008,000. Finally, NewEdge Wealth LLC grew its position in iShares MSCI EAFE Growth ETF by 1,077.6% during the fourth quarter. NewEdge Wealth LLC now owns 47,880 shares of the company’s stock valued at $5,455,000 after purchasing an additional 43,814 shares in the last quarter.

iShares MSCI EAFE Growth ETF Stock Down 1.9%

EFG opened at $118.72 on Thursday. The firm has a market capitalization of $13.96 billion, a P/E ratio of 24.98 and a beta of 0.96. The stock has a fifty day moving average of $119.62 and a 200-day moving average of $117.61. iShares MSCI EAFE Growth ETF has a 12-month low of $106.33 and a 12-month high of $124.28.

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.