iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Short Interest Up 584.7% in June

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,902,862 shares, an increase of 584.7% from the June 15th total of 277,924 shares. Based on an average daily volume of 1,532,284 shares, the short-interest ratio is presently 1.2 days. Approximately 1.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of iShares Core MSCI Europe ETF by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 9,098,317 shares of the company’s stock valued at $645,799,000 after purchasing an additional 102,846 shares in the last quarter. Bank of America Corp DE lifted its position in iShares Core MSCI Europe ETF by 95.0% during the first quarter. Bank of America Corp DE now owns 7,579,128 shares of the company’s stock valued at $532,585,000 after buying an additional 3,691,520 shares during the period. LPL Financial LLC lifted its position in iShares Core MSCI Europe ETF by 19.8% during the fourth quarter. LPL Financial LLC now owns 2,600,074 shares of the company’s stock valued at $184,553,000 after buying an additional 428,861 shares during the period. Assetmark Inc. boosted its holdings in shares of iShares Core MSCI Europe ETF by 26.7% during the 1st quarter. Assetmark Inc. now owns 2,380,720 shares of the company’s stock valued at $167,293,000 after buying an additional 501,422 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of iShares Core MSCI Europe ETF by 24.0% during the 4th quarter. MML Investors Services LLC now owns 1,469,316 shares of the company’s stock valued at $104,292,000 after buying an additional 284,413 shares in the last quarter.

iShares Core MSCI Europe ETF Stock Down 0.5%

Shares of IEUR traded down $0.39 during trading hours on Monday, reaching $74.74. 147,598 shares of the company traded hands, compared to its average volume of 1,485,426. iShares Core MSCI Europe ETF has a 12 month low of $63.71 and a 12 month high of $76.97. The company’s fifty day moving average price is $75.03 and its two-hundred day moving average price is $73.71. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 16.78 and a beta of 0.84.

About iShares Core MSCI Europe ETF

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.