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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 882,190 shares, a decrease of 45.6% from the August 15th total of 1,621,805 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 1,254,992 shares, the short-interest ratio is presently 0.7 days.

iShares MSCI Europe Financials ETF Stock Performance

Shares of NASDAQ EUFN traded down $0.35 during trading hours on Tuesday, hitting $41.56. The company’s stock had a trading volume of 3,161,737 shares, compared to its average volume of 1,535,901. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78. iShares MSCI Europe Financials ETF has a 12 month low of $32.90 and a 12 month high of $43.07. The business has a 50-day simple moving average of $41.57 and a 200-day simple moving average of $38.70.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Large investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new position in shares of iShares MSCI Europe Financials ETF during the second quarter valued at approximately $303,000. Tidal Investments LLC purchased a new stake in iShares MSCI Europe Financials ETF in the second quarter worth $13,164,000. Integrated Wealth Concepts LLC purchased a new stake in iShares MSCI Europe Financials ETF in the second quarter worth $319,000. NewEdge Advisors LLC boosted its holdings in iShares MSCI Europe Financials ETF by 61.9% in the second quarter. NewEdge Advisors LLC now owns 24,597 shares of the company’s stock valued at $959,000 after acquiring an additional 9,401 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in iShares MSCI Europe Financials ETF by 0.4% in the second quarter. Baird Financial Group Inc. now owns 74,190 shares of the company’s stock valued at $2,893,000 after acquiring an additional 281 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.