iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Down 55.5% in April

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 965,038 shares, a decline of 55.5% from the April 15th total of 2,170,160 shares. Based on an average daily trading volume, of 1,060,589 shares, the short-interest ratio is currently 0.9 days. Currently, 1.0% of the shares of the stock are short sold.

iShares MSCI Europe Financials ETF Stock Performance

Shares of iShares MSCI Europe Financials ETF stock traded down $0.51 during trading on Friday, reaching $37.05. 841,617 shares of the company’s stock were exchanged, compared to its average volume of 1,691,846. iShares MSCI Europe Financials ETF has a 1-year low of $30.05 and a 1-year high of $39.23. The company has a market cap of $3.53 billion, a P/E ratio of 11.10 and a beta of 0.79. The firm’s 50-day moving average price is $36.18 and its 200 day moving average price is $36.27.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors have recently modified their holdings of EUFN. Jones Financial Companies Lllp raised its holdings 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 buying an additional 3,117 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in iShares MSCI Europe Financials ETF by 34.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 471,152 shares of the company’s stock worth $13,423,000 after purchasing an additional 119,448 shares in the last quarter. Empowered Funds LLC acquired a new position in iShares MSCI Europe Financials ETF in the 1st quarter worth about $1,542,000. Baird Financial Group Inc. increased its holdings in iShares MSCI Europe Financials ETF by 2.2% in the 2nd 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 increased its holdings in iShares MSCI Europe Financials ETF by 23,355.2% in the 2nd 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 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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.