iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Shares Shorted: Short Interest Up 131.6% in September

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,326,535 shares, an increase of 131.6% from the September 15th total of 572,784 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 1,472,237 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors have recently made changes to their positions in EUFN. 1607 Capital Partners LLC lifted its holdings in shares of iShares MSCI Europe Financials ETF by 32.0% during the 4th quarter. 1607 Capital Partners LLC now owns 3,805,027 shares of the company’s stock worth $141,128,000 after acquiring an additional 921,396 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares MSCI Europe Financials ETF by 31.9% in the second quarter. Envestnet Asset Management Inc. now owns 1,529,480 shares of the company’s stock worth $59,634,000 after acquiring an additional 369,640 shares in the last quarter. Tidal Investments LLC purchased a new position in iShares MSCI Europe Financials ETF in the second quarter worth $13,164,000. Aspen Grove Capital LLC increased its stake in iShares MSCI Europe Financials ETF by 1.4% in the fourth quarter. Aspen Grove Capital LLC now owns 145,118 shares of the company’s stock valued at $5,382,000 after acquiring an additional 2,021 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in iShares MSCI Europe Financials ETF by 7.1% in the second quarter. HighTower Advisors LLC now owns 136,156 shares of the company’s stock valued at $5,309,000 after acquiring an additional 9,063 shares during the last quarter.

iShares MSCI Europe Financials ETF Stock Performance

EUFN traded down $0.40 on Wednesday, reaching $38.34. The company had a trading volume of 675,319 shares, compared to its average volume of 1,608,922. The business has a 50 day simple moving average of $41.35 and a 200 day simple moving average of $39.41. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 11.10 and a beta of 0.79. iShares MSCI Europe Financials ETF has a 52-week low of $32.90 and a 52-week high of $43.07.

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.