Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Expands By 83.3%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 372,700 shares, an increase of 83.3% from the December 31st total of 203,300 shares. Based on an average daily trading volume, of 411,700 shares, the short-interest ratio is currently 0.9 days.

iShares MSCI Europe Financials ETF Stock Performance

EUFN traded up $0.05 on Wednesday, reaching $25.40. The company had a trading volume of 325,035 shares, compared to its average volume of 453,213. The company’s fifty day moving average is $23.87 and its 200 day moving average is $23.79. iShares MSCI Europe Financials ETF has a fifty-two week low of $20.03 and a fifty-two week high of $25.50. The stock has a market cap of $1.98 billion, a P/E ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in iShares MSCI Europe Financials ETF by 37.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock valued at $42,000 after purchasing an additional 461 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of iShares MSCI Europe Financials ETF during the third quarter valued at $103,000. EP Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF during the third quarter worth $183,000. Squarepoint Ops LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF during the second quarter worth $219,000. Finally, International Assets Investment Management LLC increased its position in shares of iShares MSCI Europe Financials ETF by 2,373.1% during the third quarter. International Assets Investment Management LLC now owns 11,129 shares of the company’s stock worth $275,000 after buying an additional 10,679 shares during the period.

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.