iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Update

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 304,100 shares, a drop of 18.4% from the December 31st total of 372,700 shares. Based on an average daily trading volume, of 458,700 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EUFN. GAMMA Investing LLC increased its stake in shares of iShares MSCI Europe Financials ETF by 37.7% in the third quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock worth $42,000 after purchasing an additional 461 shares in the last quarter. Raymond James & Associates increased its stake in shares of iShares MSCI Europe Financials ETF by 0.3% in the third quarter. Raymond James & Associates now owns 234,366 shares of the company’s stock worth $5,796,000 after purchasing an additional 683 shares in the last quarter. Transamerica Financial Advisors Inc. increased its stake in shares of iShares MSCI Europe Financials ETF by 2.9% in the third quarter. Transamerica Financial Advisors Inc. now owns 56,523 shares of the company’s stock worth $1,398,000 after purchasing an additional 1,616 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of iShares MSCI Europe Financials ETF by 3.0% in the third quarter. HighTower Advisors LLC now owns 105,769 shares of the company’s stock worth $2,613,000 after purchasing an additional 3,050 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of iShares MSCI Europe Financials ETF in the third quarter worth about $103,000.

iShares MSCI Europe Financials ETF Trading Down 1.0 %

Shares of EUFN traded down $0.25 during trading hours on Friday, reaching $25.27. 1,346,669 shares of the stock traded hands, compared to its average volume of 493,718. The stock has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $23.83. iShares MSCI Europe Financials ETF has a 52 week low of $20.03 and a 52 week high of $25.66. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.4752 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.