iShares Core MSCI EAFE ETF (BATS:IEFA) Stock Short Interest Falls 47.8%

iShares Core MSCI EAFE ETF (BATS:IEFA) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 6,279,385 shares, a drop of 47.8% from the August 31st total of 12,019,034 shares. Based on an average daily trading volume, of 8,630,074 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

iShares Core MSCI EAFE ETF Price Performance

iShares Core MSCI EAFE ETF stock opened at $97.46 on Wednesday. The firm has a market capitalization of $166.66 billion, a price-to-earnings ratio of 16.18 and a beta of 0.84. The company’s 50 day simple moving average is $99.34 and its 200 day simple moving average is $96.65. iShares Core MSCI EAFE ETF has a fifty-two week low of $85.03 and a fifty-two week high of $101.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEFA. QRG Capital Management Inc. grew its position in shares of iShares Core MSCI EAFE ETF by 210.5% in the 2nd quarter. QRG Capital Management Inc. now owns 103,084 shares of the company’s stock valued at $9,956,000 after purchasing an additional 69,885 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in iShares Core MSCI EAFE ETF by 8.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,139,054 shares of the company’s stock worth $303,170,000 after buying an additional 255,556 shares during the period. Security National Bank of SO Dak acquired a new stake in iShares Core MSCI EAFE ETF during the 2nd quarter worth approximately $72,000. Security National Bank of Sioux City Iowa IA acquired a new stake in iShares Core MSCI EAFE ETF during the 2nd quarter worth approximately $31,000. Finally, Talon Private Wealth LLC lifted its stake in iShares Core MSCI EAFE ETF by 8.5% in the second quarter. Talon Private Wealth LLC now owns 10,225 shares of the company’s stock valued at $988,000 after buying an additional 803 shares in the last quarter.

iShares Core MSCI EAFE ETF Company Profile

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.