iShares MSCI Europe Financials ETF (NASDAQ:EUFN – Get Rating) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,650,000 shares, a decrease of 39.6% from the October 15th total of 4,390,000 shares. Based on an average daily trading volume, of 1,571,200 shares, the days-to-cover ratio is presently 1.7 days.
Institutional Trading of iShares MSCI Europe Financials ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ellevest Inc. acquired a new stake in iShares MSCI Europe Financials ETF during the 2nd quarter valued at approximately $29,000. Spire Wealth Management increased its position in iShares MSCI Europe Financials ETF by 511.6% during the 3rd quarter. Spire Wealth Management now owns 2,000 shares of the company’s stock valued at $28,000 after purchasing an additional 1,673 shares during the period. Captrust Financial Advisors boosted its holdings in shares of iShares MSCI Europe Financials ETF by 175.5% during the 2nd quarter. Captrust Financial Advisors now owns 2,962 shares of the company’s stock worth $47,000 after buying an additional 1,887 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of iShares MSCI Europe Financials ETF by 32.3% during the 1st quarter. Zions Bancorporation N.A. now owns 3,533 shares of the company’s stock worth $66,000 after buying an additional 863 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new position in shares of iShares MSCI Europe Financials ETF during the 3rd quarter worth approximately $52,000.
iShares MSCI Europe Financials ETF Stock Performance
NASDAQ:EUFN traded up $0.41 on Friday, reaching $16.95. 1,517,257 shares of the stock traded hands, compared to its average volume of 2,199,847. The company’s 50 day moving average is $15.02 and its 200-day moving average is $15.86. iShares MSCI Europe Financials ETF has a 1-year low of $13.54 and a 1-year high of $21.94.
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.
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