iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Update

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 1,050,000 shares, an increase of 5.9% from the April 15th total of 991,800 shares. Based on an average daily volume of 516,600 shares, the days-to-cover ratio is currently 2.0 days.

iShares MSCI Europe Financials ETF Trading Up 0.8 %

NASDAQ:EUFN traded up $0.18 during midday trading on Friday, hitting $24.13. 1,089,310 shares of the company traded hands, compared to its average volume of 536,973. The firm has a market capitalization of $1.54 billion, a P/E ratio of 11.90 and a beta of 1.07. The firm’s fifty day moving average is $22.63 and its 200-day moving average is $21.17. iShares MSCI Europe Financials ETF has a 12-month low of $17.85 and a 12-month high of $24.15.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Investment Advisory Services LLC boosted its stake in shares of iShares MSCI Europe Financials ETF by 242.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,368 shares of the company’s stock worth $31,000 after purchasing an additional 968 shares during the period. Palisade Asset Management LLC purchased a new position in shares of iShares MSCI Europe Financials ETF during the first quarter valued at approximately $38,000. Global Retirement Partners LLC grew its stake in shares of iShares MSCI Europe Financials ETF by 100,750.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,017 shares of the company’s stock valued at $41,000 after buying an additional 2,015 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the first quarter worth approximately $47,000. Finally, North Star Investment Management Corp. lifted its stake in shares of iShares MSCI Europe Financials ETF by 15.1% during the 1st quarter. North Star Investment Management Corp. now owns 4,333 shares of the company’s stock worth $99,000 after acquiring an additional 568 shares during the last quarter.

About iShares MSCI Europe Financials ETF

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.