iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Up 85.9% in January

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 589,811 shares, a growth of 85.9% from the January 15th total of 317,300 shares. Based on an average trading volume of 1,222,857 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 1,222,857 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Hedge funds have recently modified their holdings of the stock. Triumph Capital Management purchased a new position in iShares MSCI Europe Financials ETF during the third quarter valued at $31,000. Larson Financial Group LLC grew its position in shares of iShares MSCI Europe Financials ETF by 85.5% during the fourth quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock valued at $32,000 after purchasing an additional 394 shares in the last quarter. Avion Wealth purchased a new position in shares of iShares MSCI Europe Financials ETF during the third quarter valued at about $34,000. Guerra Advisors Inc bought a new stake in shares of iShares MSCI Europe Financials ETF in the third quarter worth about $36,000. Finally, Group One Trading LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the fourth quarter worth about $40,000.

iShares MSCI Europe Financials ETF Price Performance

Shares of NASDAQ:EUFN traded down $0.56 during trading on Friday, hitting $36.61. 1,449,716 shares of the company’s stock were exchanged, compared to its average volume of 1,648,474. The business’s 50-day simple moving average is $37.28 and its 200 day simple moving average is $35.09. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 11.10 and a beta of 0.94. iShares MSCI Europe Financials ETF has a 52-week low of $24.45 and a 52-week high of $38.99.

iShares MSCI Europe Financials ETF Announces Dividend

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

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.