iShares MSCI Europe Financials ETF Sees Unusually Large Options Volume (NASDAQ:EUFN)

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of some unusual options trading on Friday. Investors purchased 4,218 put options on the company. This is an increase of 3,666% compared to the typical volume of 112 put options.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Several large investors have recently bought and sold shares of EUFN. Envestnet Portfolio Solutions Inc. purchased a new position in shares of iShares MSCI Europe Financials ETF during the second quarter worth about $2,167,000. Envestnet Asset Management Inc. increased its position in shares of iShares MSCI Europe Financials ETF by 31.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,529,480 shares of the company’s stock worth $59,634,000 after purchasing an additional 369,640 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF during the second quarter worth about $303,000. Tidal Investments LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 2nd quarter valued at about $13,164,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 2nd quarter valued at about $319,000.

iShares MSCI Europe Financials ETF Stock Up 0.4%

iShares MSCI Europe Financials ETF stock traded up $0.15 during mid-day trading on Friday, hitting $38.82. The company had a trading volume of 603,333 shares, compared to its average volume of 1,557,344. iShares MSCI Europe Financials ETF has a 1 year low of $32.90 and a 1 year high of $43.07. The business has a fifty day moving average of $41.76 and a 200 day moving average of $39.16. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78.

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.