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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,170,160 shares, a growth of 13.5% from the March 31st total of 1,912,096 shares. Based on an average trading volume of 1,128,530 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.3% of the company’s stock are sold short.

iShares MSCI Europe Financials ETF Trading Up 1.9%

NASDAQ:EUFN opened at $37.71 on Friday. The firm has a market cap of $3.59 billion, a PE ratio of 11.10 and a beta of 0.79. The stock has a fifty day moving average price of $36.12 and a 200 day moving average price of $36.00. iShares MSCI Europe Financials ETF has a 12-month low of $29.73 and a 12-month high of $39.23.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in iShares MSCI Europe Financials ETF by 2.4% during the 4th quarter. NewEdge Advisors LLC now owns 12,880 shares of the company’s stock worth $478,000 after acquiring an additional 305 shares in the last quarter. AMJ Financial Wealth Management raised its holdings in shares of iShares MSCI Europe Financials ETF by 4.6% in the 4th quarter. AMJ Financial Wealth Management now owns 7,977 shares of the company’s stock valued at $296,000 after purchasing an additional 352 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 1.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 35,325 shares of the company’s stock worth $1,117,000 after purchasing an additional 376 shares during the last quarter. Brookstone Capital Management lifted its position in shares of iShares MSCI Europe Financials ETF by 5.8% during the 3rd quarter. Brookstone Capital Management now owns 6,970 shares of the company’s stock worth $239,000 after purchasing an additional 380 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 85.5% during the fourth quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after purchasing an additional 394 shares in the last quarter.

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.