iShares Europe ETF (NYSEARCA:IEV) Short Interest Up 44.9% in February

iShares Europe ETF (NYSEARCA:IEV) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 122,219 shares, an increase of 44.9% from the February 12th total of 84,360 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 212,588 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 212,588 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.

iShares Europe ETF Stock Down 1.3%

Shares of NYSEARCA IEV traded down $0.89 during midday trading on Friday, reaching $67.39. 170,225 shares of the company were exchanged, compared to its average volume of 298,998. iShares Europe ETF has a one year low of $51.30 and a one year high of $74.45. The stock has a market cap of $1.62 billion, a P/E ratio of 16.48 and a beta of 0.91. The stock’s 50-day moving average price is $71.45 and its 200-day moving average price is $68.10.

Hedge Funds Weigh In On iShares Europe ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IEV. Aberdeen Wealth Management LLC acquired a new stake in shares of iShares Europe ETF during the second quarter valued at about $25,000. Financial Network Wealth Advisors LLC increased its stake in shares of iShares Europe ETF by 173.4% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 391 shares of the company’s stock valued at $27,000 after buying an additional 248 shares during the period. Heartwood Wealth Advisors LLC bought a new position in iShares Europe ETF in the 3rd quarter valued at approximately $29,000. Qube Research & Technologies Ltd raised its holdings in iShares Europe ETF by 434.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 444 shares of the company’s stock valued at $29,000 after buying an additional 361 shares during the last quarter. Finally, American National Bank & Trust acquired a new stake in iShares Europe ETF during the 3rd quarter worth approximately $32,000.

About iShares Europe ETF

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.