iShares Core MSCI EAFE ETF (BATS:IEFA) Sees Large Decrease in Short Interest

iShares Core MSCI EAFE ETF (BATS:IEFA) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 6,713,307 shares, a decline of 36.1% from the May 14th total of 10,505,928 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 9,658,833 shares, the days-to-cover ratio is presently 0.7 days.

iShares Core MSCI EAFE ETF Stock Performance

Shares of IEFA opened at $97.29 on Wednesday. The stock has a 50 day simple moving average of $96.26 and a 200 day simple moving average of $93.60. iShares Core MSCI EAFE ETF has a 52-week low of $79.82 and a 52-week high of $98.83. The firm has a market capitalization of $166.37 billion, a PE ratio of 16.18 and a beta of 0.84.

Hedge Funds Weigh In On iShares Core MSCI EAFE ETF

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in iShares Core MSCI EAFE ETF by 179.9% during the 4th quarter. JPMorgan Chase & Co. now owns 18,177,164 shares of the company’s stock worth $1,626,129,000 after acquiring an additional 40,918,156 shares during the last quarter. Bank of Montreal Can boosted its position in iShares Core MSCI EAFE ETF by 109.0% during the 3rd quarter. Bank of Montreal Can now owns 13,626,889 shares of the company’s stock worth $1,189,764,000 after acquiring an additional 7,107,210 shares during the last quarter. Raymond James Financial Inc. boosted its position in iShares Core MSCI EAFE ETF by 15.0% during the 4th quarter. Raymond James Financial Inc. now owns 43,144,722 shares of the company’s stock worth $3,859,727,000 after acquiring an additional 5,635,481 shares during the last quarter. Morgan Stanley boosted its position in iShares Core MSCI EAFE ETF by 4.9% during the 4th quarter. Morgan Stanley now owns 104,883,248 shares of the company’s stock worth $9,382,856,000 after acquiring an additional 4,892,313 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in iShares Core MSCI EAFE ETF by 2.2% during the 3rd quarter. Bank of America Corp DE now owns 224,863,248 shares of the company’s stock worth $19,632,810,000 after acquiring an additional 4,837,732 shares during the last quarter.

About iShares Core MSCI EAFE ETF

The iShares Core MSCI EAFE ETF (IEFA) is an exchange-traded fund that is based on the MSCI EAFE IMI index, a market-cap-weighted index of developed-market stocks in Europe, Australasia and the Far East, and excludes North America IEFA was launched on Oct 18, 2012 and is managed by BlackRock.