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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 290,700 shares, an increase of 8.2% from the October 15th total of 268,700 shares. Based on an average daily trading volume, of 361,600 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in iShares MSCI Europe Financials ETF by 664.4% in the second quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $27,000 after acquiring an additional 1,063 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in iShares MSCI Europe Financials ETF during the second quarter worth $49,000. Fifth Third Bancorp bought a new stake in shares of iShares MSCI Europe Financials ETF in the second quarter valued at $51,000. Centaurus Financial Inc. bought a new stake in shares of iShares MSCI Europe Financials ETF in the third quarter valued at $103,000. Finally, Friedenthal Financial bought a new stake in shares of iShares MSCI Europe Financials ETF in the second quarter valued at $123,000.

iShares MSCI Europe Financials ETF Stock Performance

Shares of EUFN stock traded up $0.21 on Monday, hitting $23.84. The company had a trading volume of 140,961 shares, compared to its average volume of 592,269. The firm has a market cap of $1.94 billion, a P/E ratio of 11.90 and a beta of 1.07. The stock’s 50-day moving average is $24.20 and its two-hundred day moving average is $23.55. iShares MSCI Europe Financials ETF has a twelve month low of $19.70 and a twelve month high of $25.09.

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.