Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Grows By 78.6%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,535,965 shares, a growth of 78.6% from the June 30th total of 860,098 shares. Based on an average daily volume of 1,384,520 shares, the short-interest ratio is currently 1.1 days. Currently, 1.6% of the shares of the company are short sold.

iShares MSCI Europe Financials ETF Trading Up 3.3%

Shares of NASDAQ EUFN traded up $1.31 during trading hours on Thursday, reaching $41.61. The stock had a trading volume of 367,722 shares, compared to its average volume of 1,543,481. The firm has a 50-day moving average of $39.10 and a 200-day moving average of $37.64. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 11.10 and a beta of 0.78. iShares MSCI Europe Financials ETF has a fifty-two week low of $31.44 and a fifty-two week high of $41.67.

iShares MSCI Europe Financials ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.1368 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Institutional investors have recently modified their holdings of the business. Cordoba Advisory Partners LLC raised its position in iShares MSCI Europe Financials ETF by 24.7% in the 2nd quarter. Cordoba Advisory Partners LLC now owns 13,161 shares of the company’s stock valued at $513,000 after purchasing an additional 2,607 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in iShares MSCI Europe Financials ETF in the second quarter valued at $2,167,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in iShares MSCI Europe Financials ETF in the second quarter valued at $370,000. NewEdge Advisors LLC raised its holdings in shares of iShares MSCI Europe Financials ETF by 18.0% in the first quarter. NewEdge Advisors LLC now owns 15,196 shares of the company’s stock valued at $530,000 after buying an additional 2,316 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC raised its holdings in shares of iShares MSCI Europe Financials ETF by 3.2% in the first quarter. Strait & Sound Wealth Management LLC now owns 17,809 shares of the company’s stock valued at $621,000 after buying an additional 553 shares during the last quarter.

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.