iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Down 65.9% in July

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 524,282 shares, a drop of 65.9% from the July 15th total of 1,535,965 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,474,392 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EUFN. Fisher Asset Management LLC increased its holdings in shares of iShares MSCI Europe Financials ETF by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock valued at $1,372,973,000 after purchasing an additional 1,084,716 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares MSCI Europe Financials ETF by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 7,269,370 shares of the company’s stock worth $269,621,000 after purchasing an additional 492,826 shares during the period. Morgan Stanley grew its position in iShares MSCI Europe Financials ETF by 0.9% in the 4th quarter. Morgan Stanley now owns 5,452,627 shares of the company’s stock valued at $202,238,000 after buying an additional 46,774 shares in the last quarter. 1607 Capital Partners LLC increased its stake in iShares MSCI Europe Financials ETF by 32.0% during the 4th quarter. 1607 Capital Partners LLC now owns 3,805,027 shares of the company’s stock valued at $141,128,000 after buying an additional 921,396 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in iShares MSCI Europe Financials ETF by 67,377.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock valued at $112,773,000 after buying an additional 3,036,019 shares during the period.

iShares MSCI Europe Financials ETF Stock Performance

Shares of EUFN traded up $0.18 during midday trading on Friday, hitting $42.57. 1,089,186 shares of the stock traded hands, compared to its average volume of 1,512,386. iShares MSCI Europe Financials ETF has a 1-year low of $32.71 and a 1-year high of $42.74. The firm has a market capitalization of $4.30 billion, a PE ratio of 11.10 and a beta of 0.78. The business’s 50 day moving average price is $40.05 and its two-hundred day moving average price is $38.04.

iShares MSCI Europe Financials ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.1368 dividend. The ex-dividend date of this dividend was Monday, June 15th.

iShares MSCI Europe Financials ETF Company Profile

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.