iShares Europe ETF (NYSEARCA:IEV) Sees Significant Drop in Short Interest

iShares Europe ETF (NYSEARCA:IEV) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 49,937 shares, a decrease of 52.0% from the December 31st total of 104,036 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 264,746 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 264,746 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Europe ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new stake in shares of iShares Europe ETF during the 2nd quarter worth about $59,097,000. Barings LLC boosted its holdings in iShares Europe ETF by 6.0% in the second quarter. Barings LLC now owns 723,437 shares of the company’s stock valued at $45,757,000 after purchasing an additional 41,244 shares in the last quarter. Bank of America Corp DE increased its stake in iShares Europe ETF by 4.6% in the third quarter. Bank of America Corp DE now owns 472,737 shares of the company’s stock valued at $30,955,000 after purchasing an additional 20,869 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in iShares Europe ETF by 30.6% during the second quarter. Checchi Capital Advisers LLC now owns 401,731 shares of the company’s stock worth $25,409,000 after purchasing an additional 94,166 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in iShares Europe ETF by 121.3% during the second quarter. Jane Street Group LLC now owns 358,224 shares of the company’s stock worth $22,658,000 after purchasing an additional 196,368 shares in the last quarter.

iShares Europe ETF Price Performance

IEV traded down $0.62 on Friday, reaching $71.73. 269,722 shares of the stock were exchanged, compared to its average volume of 287,681. iShares Europe ETF has a fifty-two week low of $51.30 and a fifty-two week high of $73.00. The firm has a market capitalization of $1.72 billion, a PE ratio of 16.48 and a beta of 0.91. The company’s 50-day moving average price is $68.98 and its 200 day moving average price is $66.32.

iShares Europe ETF Company Profile

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.