iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Significant Growth in Short Interest

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 842,200 shares, an increase of 205.6% from the January 31st total of 275,600 shares. Based on an average daily volume of 678,400 shares, the days-to-cover ratio is presently 1.2 days.

iShares MSCI Europe Financials ETF Price Performance

Shares of EUFN traded down $0.04 during midday trading on Friday, reaching $27.28. 421,128 shares of the stock were exchanged, compared to its average volume of 814,991. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07. iShares MSCI Europe Financials ETF has a twelve month low of $21.04 and a twelve month high of $27.74. The business’s 50-day moving average price is $24.90 and its 200 day moving average price is $24.30.

iShares MSCI Europe Financials ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.4752 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC grew its position in iShares MSCI Europe Financials ETF by 34.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,727 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of iShares MSCI Europe Financials ETF during the fourth quarter worth about $42,000. PNC Financial Services Group Inc. grew its holdings in shares of iShares MSCI Europe Financials ETF by 50.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock worth $45,000 after buying an additional 644 shares during the last quarter. Jones Financial Companies Lllp increased its position in iShares MSCI Europe Financials ETF by 246.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,450 shares of the company’s stock valued at $57,000 after acquiring an additional 1,742 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in iShares MSCI Europe Financials ETF during the 3rd quarter valued at approximately $103,000.

iShares MSCI Europe Financials ETF Company Profile

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.