iShares MSCI Europe Financials ETF (NASDAQ:EUFN – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 882,190 shares, a decline of 45.6% from the August 15th total of 1,621,805 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 1,254,992 shares, the days-to-cover ratio is presently 0.7 days.
iShares MSCI Europe Financials ETF Trading Down 0.7%
Shares of EUFN stock traded down $0.30 on Wednesday, hitting $41.26. 1,204,435 shares of the stock were exchanged, compared to its average volume of 1,538,712. iShares MSCI Europe Financials ETF has a fifty-two week low of $32.90 and a fifty-two week high of $43.07. The business has a 50-day moving average of $41.63 and a 200 day moving average of $38.75. The firm has a market capitalization of $4.16 billion, a P/E ratio of 11.10 and a beta of 0.78.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its position in iShares MSCI Europe Financials ETF by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock valued at $1,372,973,000 after buying an additional 1,084,716 shares in the last quarter. 1607 Capital Partners LLC lifted its stake in shares of iShares MSCI Europe Financials ETF by 32.0% in the 4th quarter. 1607 Capital Partners LLC now owns 3,805,027 shares of the company’s stock valued at $141,128,000 after purchasing an additional 921,396 shares during the period. Tidal Investments LLC bought a new position in shares of iShares MSCI Europe Financials ETF during the 2nd quarter worth approximately $13,164,000. Envestnet Portfolio Solutions Inc. bought a new stake in iShares MSCI Europe Financials ETF in the second quarter valued at $2,167,000. Finally, Ameliora Wealth Management Ltd. raised its stake in iShares MSCI Europe Financials ETF by 49.9% during the 1st quarter. Ameliora Wealth Management Ltd. now owns 107,572 shares of the company’s stock worth $3,749,000 after buying an additional 35,794 shares during the period.
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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.
Further Reading
- Five stocks we like better than iShares MSCI Europe Financials ETF
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Receive News & Ratings for iShares MSCI Europe Financials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Europe Financials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
