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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,535,965 shares, an increase of 78.6% from the June 30th total of 860,098 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 1,384,520 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares MSCI Europe Financials ETF by 67,377.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock worth $112,773,000 after buying an additional 3,036,019 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of iShares MSCI Europe Financials ETF by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock valued at $1,372,973,000 after acquiring an additional 1,084,716 shares in the last quarter. 1607 Capital Partners LLC raised its holdings in shares of iShares MSCI Europe Financials ETF by 32.0% in the fourth quarter. 1607 Capital Partners LLC now owns 3,805,027 shares of the company’s stock valued at $141,128,000 after acquiring an additional 921,396 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of iShares MSCI Europe Financials ETF by 110.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250,666 shares of the company’s stock valued at $46,387,000 after acquiring an additional 657,466 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in iShares MSCI Europe Financials ETF by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 7,269,370 shares of the company’s stock worth $269,621,000 after acquiring an additional 492,826 shares during the period.

iShares MSCI Europe Financials ETF Trading Down 0.0%

Shares of iShares MSCI Europe Financials ETF stock traded down $0.02 on Friday, hitting $41.68. 1,051,603 shares of the company traded hands, compared to its average volume of 1,542,286. The stock’s 50 day moving average price is $39.16 and its 200-day moving average price is $37.67. iShares MSCI Europe Financials ETF has a 52 week low of $31.44 and a 52 week high of $41.76. The company has a market cap of $4.17 billion, a PE ratio of 11.10 and a beta of 0.78.

iShares MSCI Europe Financials ETF Dividend Announcement

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

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.