iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Significant Decline in Short Interest

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 268,728 shares, a drop of 56.3% from the December 15th total of 614,768 shares. Based on an average daily trading volume, of 883,493 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 883,493 shares, the days-to-cover ratio is presently 0.3 days.

iShares MSCI Europe Financials ETF Stock Up 0.2%

iShares MSCI Europe Financials ETF stock traded up $0.09 during trading on Thursday, reaching $37.42. The stock had a trading volume of 892,831 shares, compared to its average volume of 1,418,817. iShares MSCI Europe Financials ETF has a 52-week low of $24.09 and a 52-week high of $37.90. The business has a 50 day moving average price of $35.79 and a 200 day moving average price of $34.19. The stock has a market cap of $4.71 billion, a PE ratio of 11.10 and a beta of 0.94.

iShares MSCI Europe Financials ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $0.5156 dividend. This represents a yield of 286.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Large investors have recently modified their holdings of the company. Triumph Capital Management purchased a new position in iShares MSCI Europe Financials ETF in the third quarter worth $31,000. Avion Wealth acquired a new stake in shares of iShares MSCI Europe Financials ETF in the third quarter valued at about $34,000. Guerra Advisors Inc purchased a new stake in iShares MSCI Europe Financials ETF during the third quarter worth about $36,000. Opal Wealth Advisors LLC purchased a new stake in iShares MSCI Europe Financials ETF during the second quarter worth about $45,000. Finally, TD Private Client Wealth LLC grew its position in iShares MSCI Europe Financials ETF by 30.8% during the second quarter. TD Private Client Wealth LLC now owns 1,635 shares of the company’s stock worth $52,000 after buying an additional 385 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.