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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 754,078 shares, an increase of 114.7% from the February 12th total of 351,145 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 2,669,992 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 2,669,992 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the shares of the stock are short sold.

iShares MSCI Europe Financials ETF Stock Down 2.8%

Shares of NASDAQ:EUFN traded down $0.98 during midday trading on Thursday, hitting $34.23. The stock had a trading volume of 652,627 shares, compared to its average volume of 2,062,947. The company has a market capitalization of $4.37 billion, a P/E ratio of 11.10 and a beta of 0.94. The company’s 50-day moving average price is $37.31 and its 200-day moving average price is $35.48. iShares MSCI Europe Financials ETF has a fifty-two week low of $24.45 and a fifty-two week high of $38.99.

iShares MSCI Europe Financials ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.5156 per share. This represents a yield of 286.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its position in iShares MSCI Europe Financials ETF by 67,377.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock worth $112,773,000 after acquiring an additional 3,036,019 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in shares of iShares MSCI Europe Financials ETF by 493.5% during the third quarter. 1607 Capital Partners LLC now owns 2,883,631 shares of the company’s stock worth $99,024,000 after purchasing an additional 2,397,747 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of iShares MSCI Europe Financials ETF in the second quarter valued at approximately $60,333,000. Victory Capital Management Inc. acquired a new stake in iShares MSCI Europe Financials ETF during the 3rd quarter worth approximately $40,132,000. Finally, Fisher Asset Management LLC grew its holdings in iShares MSCI Europe Financials ETF by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock worth $1,372,973,000 after acquiring an additional 1,084,716 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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.