iShares Europe ETF (NYSEARCA:IEV – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 180,197 shares, an increase of 131.1% from the October 15th total of 77,980 shares. Based on an average daily volume of 156,944 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.8% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Power Wealth Management LLC bought a new position in shares of iShares Europe ETF during the 2nd quarter worth approximately $857,000. Sax Wealth Advisors LLC bought a new stake in shares of iShares Europe ETF in the second quarter worth $458,000. Obermeyer Wealth Partners bought a new stake in iShares Europe ETF during the 3rd quarter worth about $2,915,000. Westhampton Capital LLC acquired a new position in shares of iShares Europe ETF during the 3rd quarter worth about $899,000. Finally, Dorsey Wright & Associates grew its holdings in shares of iShares Europe ETF by 102.3% in the 1st quarter. Dorsey Wright & Associates now owns 89,822 shares of the company’s stock valued at $6,103,000 after acquiring an additional 45,425 shares in the last quarter.
iShares Europe ETF Stock Up 0.0%
Shares of NYSEARCA:IEV opened at $73.12 on Friday. The company’s 50-day moving average price is $72.06 and its two-hundred day moving average price is $72.18. The firm has a market cap of $1.59 billion, a P/E ratio of 17.19 and a beta of 0.81. iShares Europe ETF has a 12 month low of $64.17 and a 12 month high of $76.32.
About iShares Europe ETF
iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
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