iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Significant Drop in Short Interest

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 313,505 shares, a decrease of 38.1% from the May 14th total of 506,641 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,478,461 shares, the days-to-cover ratio is presently 0.2 days.

iShares Core MSCI Europe ETF Price Performance

iShares Core MSCI Europe ETF stock traded up $0.12 during trading hours on Tuesday, hitting $75.21. The company had a trading volume of 784,070 shares, compared to its average volume of 1,551,319. The firm has a market capitalization of $8.81 billion, a P/E ratio of 16.78 and a beta of 0.84. The firm’s fifty day moving average is $74.73 and its 200-day moving average is $73.08. iShares Core MSCI Europe ETF has a fifty-two week low of $63.38 and a fifty-two week high of $76.97.

Institutional Trading of iShares Core MSCI Europe ETF

Several large investors have recently added to or reduced their stakes in IEUR. Bank of America Corp DE grew its position in iShares Core MSCI Europe ETF by 95.0% in the first quarter. Bank of America Corp DE now owns 7,579,128 shares of the company’s stock worth $532,585,000 after acquiring an additional 3,691,520 shares in the last quarter. a16z Perennial Management L.P. bought a new stake in iShares Core MSCI Europe ETF in the fourth quarter worth approximately $60,559,000. Assetmark Inc. grew its position in iShares Core MSCI Europe ETF by 26.7% in the first quarter. Assetmark Inc. now owns 2,380,720 shares of the company’s stock worth $167,293,000 after acquiring an additional 501,422 shares in the last quarter. MV Capital Management Inc. bought a new stake in iShares Core MSCI Europe ETF in the fourth quarter worth approximately $33,111,000. Finally, Royal Bank of Canada grew its position in iShares Core MSCI Europe ETF by 53.7% in the first quarter. Royal Bank of Canada now owns 1,229,530 shares of the company’s stock worth $86,399,000 after acquiring an additional 429,717 shares in the last quarter.

iShares Core MSCI Europe ETF Company Profile

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.