Short Interest in iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Drops By 35.7%

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 1,873,100 shares, a decline of 35.7% from the February 12th total of 2,912,013 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 1,374,177 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 1,374,177 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Core MSCI Europe ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors lifted its position in shares of iShares Core MSCI Europe ETF by 300.1% during the fourth quarter. World Investment Advisors now owns 70,457 shares of the company’s stock worth $5,001,000 after purchasing an additional 52,847 shares in the last quarter. Corient Private Wealth LLC raised its position in iShares Core MSCI Europe ETF by 6.0% in the 4th quarter. Corient Private Wealth LLC now owns 35,977 shares of the company’s stock worth $2,554,000 after purchasing an additional 2,044 shares during the last quarter. Hsbc Holdings PLC raised its position in iShares Core MSCI Europe ETF by 737.4% in the 4th quarter. Hsbc Holdings PLC now owns 91,177 shares of the company’s stock worth $6,472,000 after purchasing an additional 80,289 shares during the last quarter. TRU Independence Asset Management 2 LLC lifted its holdings in iShares Core MSCI Europe ETF by 34.5% during the 4th quarter. TRU Independence Asset Management 2 LLC now owns 35,085 shares of the company’s stock worth $2,490,000 after buying an additional 8,992 shares in the last quarter. Finally, MV Capital Management Inc. bought a new position in iShares Core MSCI Europe ETF in the 4th quarter valued at $33,111,000.

iShares Core MSCI Europe ETF Stock Down 1.3%

IEUR stock traded down $0.95 during midday trading on Friday, reaching $69.87. 892,125 shares of the company’s stock traded hands, compared to its average volume of 2,105,600. The company has a 50-day simple moving average of $73.95 and a two-hundred day simple moving average of $70.55. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93. iShares Core MSCI Europe ETF has a 1-year low of $53.17 and a 1-year high of $76.97.

About iShares Core MSCI Europe ETF

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.