iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Significant Decline in Short Interest

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 882,190 shares, a decrease of 45.6% from the August 15th total of 1,621,805 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 1,254,992 shares, the days-to-cover ratio is currently 0.7 days.

iShares MSCI Europe Financials ETF Stock Down 0.8%

Shares of NASDAQ EUFN traded down $0.35 during trading hours on Tuesday, reaching $41.56. 3,161,737 shares of the stock traded hands, compared to its average volume of 1,535,901. The company’s 50-day simple moving average is $41.57 and its two-hundred day simple moving average is $38.70. The company has a market capitalization of $4.19 billion, a P/E ratio of 11.10 and a beta of 0.78. iShares MSCI Europe Financials ETF has a 52-week low of $32.90 and a 52-week high of $43.07.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fisher Asset Management LLC lifted its position in iShares MSCI Europe Financials ETF by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock valued at $1,372,973,000 after purchasing an additional 1,084,716 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of iShares MSCI Europe Financials ETF in the first quarter worth approximately $1,081,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of iShares MSCI Europe Financials ETF in the second quarter worth $2,167,000. Bessemer Group Inc. bought a new stake in iShares MSCI Europe Financials ETF during the 1st quarter valued at $763,000. Finally, Hsbc Holdings PLC bought a new stake in iShares MSCI Europe Financials ETF during the 4th quarter valued at $800,000.

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.