iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Significant Decline in Short Interest

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 246,700 shares, a drop of 14.0% from the September 15th total of 287,000 shares. Based on an average daily volume of 528,500 shares, the days-to-cover ratio is currently 0.5 days.

iShares MSCI Europe Financials ETF Stock Down 0.5 %

Shares of NASDAQ:EUFN opened at $24.33 on Wednesday. The company has a market cap of $1.98 billion, a P/E ratio of 11.90 and a beta of 1.07. The business has a fifty day simple moving average of $23.87 and a 200-day simple moving average of $23.27. iShares MSCI Europe Financials ETF has a 52 week low of $17.85 and a 52 week high of $25.09.

Institutional Trading of iShares MSCI Europe Financials ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EUFN. GAMMA Investing LLC boosted its position in shares of iShares MSCI Europe Financials ETF by 664.4% in the second quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $27,000 after acquiring an additional 1,063 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF during the 1st quarter worth about $38,000. Register Financial Advisors LLC acquired a new stake in iShares MSCI Europe Financials ETF during the 1st quarter worth approximately $47,000. Ashton Thomas Private Wealth LLC purchased a new position in iShares MSCI Europe Financials ETF in the second quarter valued at approximately $49,000. Finally, Fifth Third Bancorp acquired a new position in iShares MSCI Europe Financials ETF during the second quarter valued at approximately $51,000.

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.