iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) Sees Large Growth in Short Interest

iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 33,100 shares, an increase of 575.5% from the October 31st total of 4,900 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 4.5 days.

Hedge Funds Weigh In On iShares MSCI Europe Small-Cap ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI boosted its stake in iShares MSCI Europe Small-Cap ETF by 15.4% during the 1st quarter. Citizens Financial Group Inc. RI now owns 5,269 shares of the company’s stock valued at $298,000 after purchasing an additional 704 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of iShares MSCI Europe Small-Cap ETF during the 2nd quarter worth $316,000. Atlas Capital Advisors LLC boosted its stake in shares of iShares MSCI Europe Small-Cap ETF by 15.5% during the 2nd quarter. Atlas Capital Advisors LLC now owns 13,431 shares of the company’s stock worth $751,000 after acquiring an additional 1,803 shares in the last quarter. Pictet North America Advisors SA bought a new stake in shares of iShares MSCI Europe Small-Cap ETF during the 2nd quarter worth $1,186,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of iShares MSCI Europe Small-Cap ETF during the 3rd quarter worth $1,382,000.

iShares MSCI Europe Small-Cap ETF Stock Up 0.7 %

NASDAQ IEUS traded up $0.39 on Friday, reaching $55.58. 3,019 shares of the stock traded hands, compared to its average volume of 7,507. The firm’s fifty day simple moving average is $57.45 and its 200 day simple moving average is $58.02. The company has a market cap of $94.49 million, a price-to-earnings ratio of 13.28 and a beta of 1.15. iShares MSCI Europe Small-Cap ETF has a 12 month low of $52.07 and a 12 month high of $61.44.

iShares MSCI Europe Small-Cap ETF Company Profile

The iShares MSCI Europe Small-Cap ETF (IEUS) is an exchange-traded fund that is based on the MSCI Europe Small Cap index, a market-cap-weighted index of companies in developed countries of Europe. IEUS was launched on Nov 12, 2007 and is managed by BlackRock.