Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Expands By 209.3%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,621,805 shares, a growth of 209.3% from the July 30th total of 524,282 shares. Based on an average trading volume of 1,056,483 shares, the short-interest ratio is presently 1.5 days. Currently, 1.6% of the shares of the stock are short sold.

iShares MSCI Europe Financials ETF Trading Down 1.1%

NASDAQ:EUFN traded down $0.46 during mid-day trading on Thursday, hitting $42.15. 326,047 shares of the company’s stock were exchanged, compared to its average volume of 1,504,204. The firm has a market capitalization of $4.26 billion, a P/E ratio of 11.10 and a beta of 0.78. The company has a 50 day simple moving average of $40.71 and a 200-day simple moving average of $38.27. iShares MSCI Europe Financials ETF has a fifty-two week low of $32.71 and a fifty-two week high of $42.79.

iShares MSCI Europe Financials ETF Dividend Announcement

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

Institutional Trading of iShares MSCI Europe Financials ETF

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in iShares MSCI Europe Financials ETF by 7.1% during the second quarter. HighTower Advisors LLC now owns 136,156 shares of the company’s stock worth $5,309,000 after purchasing an additional 9,063 shares during the period. Concurrent Investment Advisors LLC bought a new stake in iShares MSCI Europe Financials ETF during the 2nd quarter valued at $276,000. Sigma Planning Corp increased its position in shares of iShares MSCI Europe Financials ETF by 4.3% during the second quarter. Sigma Planning Corp now owns 8,784 shares of the company’s stock worth $342,000 after acquiring an additional 365 shares in the last quarter. Two Sigma Securities LLC bought a new stake in iShares MSCI Europe Financials ETF during the 2nd quarter worth approximately $263,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in iShares MSCI Europe Financials ETF by 8.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,914 shares of the company’s stock worth $309,000 after buying an additional 615 shares in the last quarter.

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.