iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Large Growth in Short Interest

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 3,163,570 shares, an increase of 250.0% from the September 30th total of 903,837 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily volume of 1,775,701 shares, the days-to-cover ratio is currently 1.8 days.

iShares Core MSCI Europe ETF Stock Performance

Shares of IEUR stock traded up $0.19 during mid-day trading on Wednesday, hitting $74.10. 917,345 shares of the stock traded hands, compared to its average volume of 1,348,804. iShares Core MSCI Europe ETF has a twelve month low of $66.45 and a twelve month high of $78.90. The company’s 50-day simple moving average is $75.24 and its 200-day simple moving average is $74.59. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 16.78 and a beta of 0.83.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. WestEnd Advisors LLC bought a new position in iShares Core MSCI Europe ETF during the third quarter valued at about $363,595,000. Bank of America Corp DE raised its position in iShares Core MSCI Europe ETF by 95.0% in the first quarter. Bank of America Corp DE now owns 7,579,128 shares of the company’s stock worth $532,585,000 after acquiring an additional 3,691,520 shares in the last quarter. Mather Group LLC. bought a new stake in iShares Core MSCI Europe ETF in the third quarter worth about $73,701,000. Assetmark Inc. raised its position in iShares Core MSCI Europe ETF by 26.7% in the first quarter. Assetmark Inc. now owns 2,380,720 shares of the company’s stock worth $167,293,000 after acquiring an additional 501,422 shares in the last quarter. Finally, Royal Bank of Canada raised its position in iShares Core MSCI Europe ETF by 53.7% in the first quarter. Royal Bank of Canada now owns 1,229,530 shares of the company’s stock worth $86,399,000 after acquiring an additional 429,717 shares in the last quarter.

About iShares Core MSCI Europe ETF

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.