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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 842,200 shares, an increase of 205.6% from the January 31st total of 275,600 shares. Based on an average daily volume of 678,400 shares, the days-to-cover ratio is currently 1.2 days.

iShares MSCI Europe Financials ETF Stock Performance

Shares of NASDAQ:EUFN traded up $0.12 during trading on Friday, reaching $27.44. The stock had a trading volume of 704,966 shares, compared to its average volume of 822,961. The firm’s fifty day moving average is $24.99 and its 200 day moving average is $24.35. iShares MSCI Europe Financials ETF has a 52 week low of $21.04 and a 52 week high of $27.74. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.4752 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its holdings in iShares MSCI Europe Financials ETF by 34.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,727 shares of the company’s stock worth $40,000 after buying an additional 443 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in iShares MSCI Europe Financials ETF by 2.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 22,222 shares of the company’s stock worth $518,000 after buying an additional 512 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in iShares MSCI Europe Financials ETF by 3.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,714 shares of the company’s stock worth $413,000 after buying an additional 628 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares MSCI Europe Financials ETF by 50.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock worth $45,000 after buying an additional 644 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in iShares MSCI Europe Financials ETF by 0.3% during the third quarter. Raymond James & Associates now owns 234,366 shares of the company’s stock worth $5,796,000 after buying an additional 683 shares during 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.