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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 1,090,000 shares, an increase of 78.1% from the August 31st total of 612,000 shares. Based on an average trading volume of 938,000 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 938,000 shares, the days-to-cover ratio is currently 1.2 days.

iShares MSCI Europe Financials ETF Stock Performance

Shares of iShares MSCI Europe Financials ETF stock traded down $0.21 during midday trading on Monday, reaching $34.33. 104,919 shares of the company’s stock traded hands, compared to its average volume of 1,372,925. The company has a market cap of $4.50 billion, a PE ratio of 11.10 and a beta of 1.07. The stock has a 50 day moving average of $33.68 and a 200-day moving average of $31.54. iShares MSCI Europe Financials ETF has a 12 month low of $22.77 and a 12 month high of $34.84.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EUFN. SouthState Corp bought a new position in shares of iShares MSCI Europe Financials ETF during the first quarter valued at approximately $43,000. Opal Wealth Advisors LLC bought a new position in iShares MSCI Europe Financials ETF in the second quarter worth $45,000. Garde Capital Inc. bought a new position in iShares MSCI Europe Financials ETF in the first quarter worth $48,000. Farmers & Merchants Investments Inc. bought a new position in iShares MSCI Europe Financials ETF in the first quarter worth $49,000. Finally, TD Private Client Wealth LLC raised its holdings in iShares MSCI Europe Financials ETF by 30.8% in the second quarter. TD Private Client Wealth LLC now owns 1,635 shares of the company’s stock worth $52,000 after purchasing an additional 385 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.