iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) Sees Significant Drop in Short Interest

iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 4,000 shares, a drop of 91.0% from the February 28th total of 44,300 shares. Based on an average daily volume of 17,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new stake in shares of iShares MSCI Europe Small-Cap ETF during the fourth quarter worth about $88,000. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI Europe Small-Cap ETF during the fourth quarter valued at $211,000. Citadel Advisors LLC purchased a new position in iShares MSCI Europe Small-Cap ETF in the fourth quarter worth about $262,000. Commonwealth Equity Services LLC boosted its stake in iShares MSCI Europe Small-Cap ETF by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,363 shares of the company’s stock worth $288,000 after buying an additional 183 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of iShares MSCI Europe Small-Cap ETF by 15.3% during the 4th quarter. Bank of America Corp DE now owns 7,249 shares of the company’s stock worth $389,000 after purchasing an additional 962 shares during the period.

iShares MSCI Europe Small-Cap ETF Stock Performance

Shares of IEUS traded down $0.33 during mid-day trading on Friday, hitting $58.09. 19,666 shares of the company traded hands, compared to its average volume of 10,665. The stock has a market cap of $87.14 million, a price-to-earnings ratio of 13.48 and a beta of 1.15. iShares MSCI Europe Small-Cap ETF has a 1 year low of $51.55 and a 1 year high of $61.44. The stock has a 50-day moving average price of $57.23 and a two-hundred day moving average price of $56.70.

iShares MSCI Europe Small-Cap ETF Company Profile

The iShares MSCI Europe Small-Cap ETF (IEUS) is an exchange-traded fund that is based on the MSCI Europe Small Cap index, a market-cap-weighted index of companies in developed countries of Europe. IEUS was launched on Nov 12, 2007 and is managed by BlackRock.