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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,912,096 shares, a growth of 171.0% from the March 15th total of 705,606 shares. Based on an average daily trading volume, of 1,502,652 shares, the short-interest ratio is presently 1.3 days. Approximately 2.0% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several large investors have recently made changes to their positions in EUFN. Jones Financial Companies Lllp increased its position in shares of iShares MSCI Europe Financials ETF by 127.2% in the first quarter. Jones Financial Companies Lllp now owns 5,567 shares of the company’s stock worth $159,000 after acquiring an additional 3,117 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of iShares MSCI Europe Financials ETF by 34.0% in the first quarter. Goldman Sachs Group Inc. now owns 471,152 shares of the company’s stock worth $13,423,000 after acquiring an additional 119,448 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of iShares MSCI Europe Financials ETF in the first quarter worth $1,542,000. Baird Financial Group Inc. increased its position in shares of iShares MSCI Europe Financials ETF by 2.2% in the second quarter. Baird Financial Group Inc. now owns 44,359 shares of the company’s stock worth $1,403,000 after acquiring an additional 955 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of iShares MSCI Europe Financials ETF by 23,355.2% in the second quarter. Qube Research & Technologies Ltd now owns 237,367 shares of the company’s stock worth $7,508,000 after acquiring an additional 236,355 shares in the last quarter.

iShares MSCI Europe Financials ETF Stock Up 0.3%

Shares of NASDAQ EUFN traded up $0.13 during trading on Friday, hitting $37.35. 323,090 shares of the company traded hands, compared to its average volume of 1,840,051. iShares MSCI Europe Financials ETF has a 1 year low of $26.73 and a 1 year high of $38.99. The company has a 50-day moving average price of $36.10 and a 200-day moving average price of $35.65. The firm has a market capitalization of $3.64 billion, a P/E ratio of 11.10 and a beta of 0.79.

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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.