Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Declines By 55.5%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 965,038 shares, a decline of 55.5% from the April 15th total of 2,170,160 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,060,589 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in shares of iShares MSCI Europe Financials ETF by 2.4% in the fourth quarter. NewEdge Advisors LLC now owns 12,880 shares of the company’s stock valued at $478,000 after purchasing an additional 305 shares during the period. AMJ Financial Wealth Management increased its holdings in shares of iShares MSCI Europe Financials ETF by 4.6% in the fourth quarter. AMJ Financial Wealth Management now owns 7,977 shares of the company’s stock valued at $296,000 after purchasing an additional 352 shares during the period. Transamerica Financial Advisors LLC increased its holdings in shares of iShares MSCI Europe Financials ETF by 1.1% in the second quarter. Transamerica Financial Advisors LLC now owns 35,325 shares of the company’s stock valued at $1,117,000 after purchasing an additional 376 shares during the period. Larson Financial Group LLC increased its holdings in shares of iShares MSCI Europe Financials ETF by 85.5% in 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 during the period. Finally, Triumph Capital Management increased its holdings in shares of iShares MSCI Europe Financials ETF by 44.9% in the fourth quarter. Triumph Capital Management now owns 1,290 shares of the company’s stock valued at $48,000 after purchasing an additional 400 shares during the period.

iShares MSCI Europe Financials ETF Stock Down 1.4%

EUFN traded down $0.51 during trading on Friday, hitting $37.05. 841,622 shares of the stock were exchanged, compared to its average volume of 1,691,854. The firm has a market capitalization of $3.53 billion, a P/E ratio of 11.10 and a beta of 0.79. iShares MSCI Europe Financials ETF has a 1-year low of $30.05 and a 1-year high of $39.23. The stock has a fifty day moving average price of $36.20 and a two-hundred day moving average price of $36.28.

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.