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

iShares MSCI EAFE Growth ETF (BATS:EFG) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 289,020 shares, a decline of 49.9% from the July 15th total of 577,137 shares. Based on an average daily trading volume, of 787,142 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

iShares MSCI EAFE Growth ETF Price Performance

BATS EFG opened at $127.00 on Tuesday. iShares MSCI EAFE Growth ETF has a 52-week low of $107.17 and a 52-week high of $127.44. The firm has a market capitalization of $14.94 billion, a price-to-earnings ratio of 24.98 and a beta of 0.96. The company’s fifty day moving average is $122.82 and its two-hundred day moving average is $120.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised 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 acquiring an additional 1,227,595 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of iShares MSCI EAFE Growth ETF by 35.0% during the first quarter. Bank of America Corp DE now owns 4,708,538 shares of the company’s stock valued at $524,390,000 after acquiring an additional 1,221,082 shares during the period. Janney Montgomery Scott LLC lifted its position 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 boosted its stake in iShares MSCI EAFE Growth ETF by 166.6% in the first quarter. Bank of New York Mellon Corp now owns 1,472,363 shares of the company’s stock valued at $163,977,000 after acquiring an additional 920,188 shares during the last quarter. Finally, Quent Long Short Global Small Cap Fund LP bought a new position in shares of iShares MSCI EAFE Growth ETF in the 4th quarter worth $62,299,000.

About iShares MSCI EAFE Growth ETF

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.