Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Drops By 40.5%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 351,145 shares, a drop of 40.5% from the January 29th total of 589,811 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 2,231,869 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 2,231,869 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EUFN. Larson Financial Group LLC boosted its position in iShares MSCI Europe Financials ETF by 85.5% during the 4th quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock worth $32,000 after buying an additional 394 shares during the period. Arax Advisory Partners bought a new position in shares of iShares MSCI Europe Financials ETF during the fourth quarter valued at $32,000. Triumph Capital Management acquired a new position in shares of iShares MSCI Europe Financials ETF during the third quarter worth $31,000. Avion Wealth bought a new stake in shares of iShares MSCI Europe Financials ETF in the third quarter worth $34,000. Finally, Guerra Advisors Inc bought a new stake in shares of iShares MSCI Europe Financials ETF in the third quarter worth $36,000.

iShares MSCI Europe Financials ETF Trading Down 1.5%

Shares of iShares MSCI Europe Financials ETF stock opened at $37.71 on Friday. The firm’s 50 day moving average is $37.59 and its 200 day moving average is $35.41. The firm has a market capitalization of $4.81 billion, a PE ratio of 11.10 and a beta of 0.94. iShares MSCI Europe Financials ETF has a 1 year low of $24.45 and a 1 year high of $38.99.

iShares MSCI Europe Financials ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $0.5156 dividend. The ex-dividend date was Tuesday, December 16th. This represents a yield of 286.0%.

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.