iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Large Decrease in Short Interest

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 524,282 shares, a drop of 65.9% from the July 15th total of 1,535,965 shares. Based on an average trading volume of 1,474,392 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.

iShares MSCI Europe Financials ETF Price Performance

NASDAQ EUFN traded up $0.16 on Friday, hitting $42.55. The company had a trading volume of 424,282 shares, compared to its average volume of 1,507,749. The company’s fifty day moving average price is $39.94 and its 200-day moving average price is $38.01. The company has a market capitalization of $4.30 billion, a PE ratio of 11.10 and a beta of 0.78. iShares MSCI Europe Financials ETF has a 12-month low of $32.71 and a 12-month high of $42.74.

iShares MSCI Europe Financials ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.1368 per share. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its holdings in iShares MSCI Europe Financials ETF by 127.2% in the 1st quarter. Jones Financial Companies Lllp now owns 5,567 shares of the company’s stock worth $159,000 after buying an additional 3,117 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of iShares MSCI Europe Financials ETF by 34.0% during the first quarter. Goldman Sachs Group Inc. now owns 471,152 shares of the company’s stock valued at $13,423,000 after acquiring an additional 119,448 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of iShares MSCI Europe Financials ETF in the first quarter valued at approximately $1,542,000. Baird Financial Group Inc. lifted its position in shares of iShares MSCI Europe Financials ETF by 2.2% in the second quarter. Baird Financial Group Inc. now owns 44,359 shares of the company’s stock valued at $1,403,000 after acquiring an additional 955 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of iShares MSCI Europe Financials ETF by 23,355.2% in the second quarter. Qube Research & Technologies Ltd now owns 237,367 shares of the company’s stock worth $7,508,000 after acquiring an additional 236,355 shares during the last quarter.

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.