iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Significant Drop in Short Interest

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 527,644 shares, a drop of 18.1% from the March 15th total of 643,913 shares. Based on an average trading volume of 1,997,485 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

iShares Core MSCI Europe ETF Trading Down 0.3%

Shares of NYSEARCA:IEUR traded down $0.25 on Thursday, reaching $74.86. 585,881 shares of the company were exchanged, compared to its average volume of 1,903,768. The company has a 50-day moving average of $72.88 and a 200-day moving average of $71.23. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 16.78 and a beta of 0.87. iShares Core MSCI Europe ETF has a 1-year low of $59.14 and a 1-year high of $76.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC acquired a new stake in shares of iShares Core MSCI Europe ETF during the 4th quarter valued at approximately $26,000. HHM Wealth Advisors LLC acquired a new stake in shares of iShares Core MSCI Europe ETF in the 4th quarter worth approximately $27,000. Franklin Resources Inc. purchased a new position in iShares Core MSCI Europe ETF in the 2nd quarter valued at approximately $27,000. International Assets Investment Management LLC acquired a new position in iShares Core MSCI Europe ETF during the fourth quarter worth $28,000. Finally, Family Legacy Financial Solutions LLC acquired a new position in iShares Core MSCI Europe ETF during the third quarter worth $29,000.

iShares Core MSCI Europe ETF Company Profile

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.