iShares MSCI EAFE Growth ETF (BATS:EFG) Sees Significant Drop in Short Interest

iShares MSCI EAFE Growth ETF (BATS:EFG) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 384,125 shares, a drop of 43.7% from the April 15th total of 681,808 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 831,601 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On iShares MSCI EAFE Growth ETF

Several hedge funds have recently added to or reduced their stakes in EFG. Cetera Investment Advisers lifted its stake in iShares MSCI EAFE Growth ETF by 125.2% during the first quarter. Cetera Investment Advisers now owns 2,208,206 shares of the company’s stock worth $245,928,000 after purchasing an additional 1,227,595 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in iShares MSCI EAFE Growth ETF by 690.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,140,998 shares of the company’s stock valued at $127,073,000 after purchasing an additional 996,633 shares during the period. Bank of New York Mellon Corp increased its holdings in iShares MSCI EAFE Growth ETF by 166.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,472,363 shares of the company’s stock valued at $163,977,000 after purchasing an additional 920,188 shares during the period. Flow Traders U.S. LLC purchased a new position in iShares MSCI EAFE Growth ETF during the 3rd quarter valued at about $83,908,000. Finally, Quent Long Short Global Small Cap Fund LP purchased a new position in iShares MSCI EAFE Growth ETF during the 4th quarter valued at about $62,299,000.

iShares MSCI EAFE Growth ETF Stock Performance

BATS:EFG opened at $118.19 on Friday. The stock has a fifty day moving average of $116.37 and a 200 day moving average of $116.71. iShares MSCI EAFE Growth ETF has a 52-week low of $106.33 and a 52-week high of $123.63. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 24.98 and a beta of 0.96.

iShares MSCI EAFE Growth ETF Company Profile

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.