iShares MSCI Europe Financials ETF (NASDAQ:EUFN – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,326,535 shares, a growth of 131.6% from the September 15th total of 572,784 shares. Based on an average daily trading volume, of 1,472,237 shares, the short-interest ratio is presently 0.9 days. Approximately 1.4% of the company’s shares are short sold.
iShares MSCI Europe Financials ETF Price Performance
Shares of EUFN stock opened at $38.48 on Thursday. The company has a market capitalization of $3.59 billion, a P/E ratio of 11.10 and a beta of 0.79. The company’s 50-day simple moving average is $41.27 and its two-hundred day simple moving average is $39.45. iShares MSCI Europe Financials ETF has a one year low of $32.90 and a one year high of $43.07.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. 1607 Capital Partners LLC raised its holdings 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 in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI Europe Financials ETF by 31.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,529,480 shares of the company’s stock worth $59,634,000 after purchasing an additional 369,640 shares during the period. Tidal Investments LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 2nd quarter worth approximately $13,164,000. Aspen Grove Capital LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 1.4% in the 4th quarter. Aspen Grove Capital LLC now owns 145,118 shares of the company’s stock worth $5,382,000 after purchasing an additional 2,021 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 7.1% in the 2nd quarter. HighTower Advisors LLC now owns 136,156 shares of the company’s stock worth $5,309,000 after purchasing an additional 9,063 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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.
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