iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Update

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 1,090,000 shares, an increase of 78.1% from the August 31st total of 612,000 shares. Based on an average daily volume of 938,000 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 938,000 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors have recently modified their holdings of EUFN. Assetmark Inc. purchased a new stake in shares of iShares MSCI Europe Financials ETF in the second quarter worth $82,084,000. Schroder Investment Management Group purchased a new stake in shares of iShares MSCI Europe Financials ETF in the second quarter worth $60,333,000. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI Europe Financials ETF by 265.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,072,964 shares of the company’s stock worth $59,059,000 after acquiring an additional 1,506,270 shares during the last quarter. TD Asset Management Inc purchased a new stake in shares of iShares MSCI Europe Financials ETF in the first quarter worth $35,439,000. Finally, Bensler LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the second quarter worth $21,269,000.

iShares MSCI Europe Financials ETF Trading Down 0.6%

EUFN traded down $0.21 during trading on Monday, reaching $34.33. The stock had a trading volume of 104,919 shares, compared to its average volume of 1,372,925. iShares MSCI Europe Financials ETF has a one year low of $22.77 and a one year high of $34.84. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 11.10 and a beta of 1.07. The stock’s 50 day moving average is $33.68 and its two-hundred day moving average is $31.54.

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.