iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Update

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,170,160 shares, a growth of 13.5% from the March 31st total of 1,912,096 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 1,128,530 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in shares of iShares MSCI Europe Financials ETF by 127.2% during the 1st quarter. Jones Financial Companies Lllp now owns 5,567 shares of the company’s stock worth $159,000 after purchasing an additional 3,117 shares during the period. Goldman Sachs Group Inc. raised its position in iShares MSCI Europe Financials ETF by 34.0% in the first quarter. Goldman Sachs Group Inc. now owns 471,152 shares of the company’s stock valued at $13,423,000 after purchasing an additional 119,448 shares during the period. Empowered Funds LLC purchased a new stake in iShares MSCI Europe Financials ETF in the first quarter valued at approximately $1,542,000. Baird Financial Group Inc. lifted its stake in iShares MSCI Europe Financials ETF by 2.2% during the second quarter. Baird Financial Group Inc. now owns 44,359 shares of the company’s stock worth $1,403,000 after purchasing an additional 955 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in iShares MSCI Europe Financials ETF by 23,355.2% during the second quarter. Qube Research & Technologies Ltd now owns 237,367 shares of the company’s stock worth $7,508,000 after purchasing an additional 236,355 shares in the last quarter.

iShares MSCI Europe Financials ETF Price Performance

NASDAQ EUFN opened at $37.71 on Friday. The stock has a market capitalization of $3.59 billion, a P/E ratio of 11.10 and a beta of 0.79. The firm’s 50-day moving average is $36.12 and its two-hundred day moving average is $36.00. iShares MSCI Europe Financials ETF has a 12 month low of $29.73 and a 12 month high of $39.23.

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.