iShares Core MSCI EAFE ETF (BATS:IEFA – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 13,114,134 shares, an increase of 95.3% from the May 31st total of 6,713,307 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 9,355,283 shares, the days-to-cover ratio is currently 1.4 days.
iShares Core MSCI EAFE ETF Stock Performance
Shares of IEFA stock opened at $96.58 on Wednesday. The stock has a market capitalization of $165.15 billion, a price-to-earnings ratio of 16.18 and a beta of 0.84. iShares Core MSCI EAFE ETF has a one year low of $81.17 and a one year high of $98.83. The company’s 50-day simple moving average is $96.49 and its 200-day simple moving average is $94.13.
Institutional Investors Weigh In On iShares Core MSCI EAFE ETF
A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in iShares Core MSCI EAFE ETF by 179.9% in the fourth quarter. JPMorgan Chase & Co. now owns 18,177,164 shares of the company’s stock worth $1,626,129,000 after purchasing an additional 40,918,156 shares during the period. Bank of Montreal Can raised its holdings in shares of iShares Core MSCI EAFE ETF by 109.0% during the third quarter. Bank of Montreal Can now owns 13,626,889 shares of the company’s stock worth $1,189,764,000 after purchasing an additional 7,107,210 shares during the period. Raymond James Financial Inc. lifted its position in shares of iShares Core MSCI EAFE ETF by 15.0% in the 4th quarter. Raymond James Financial Inc. now owns 43,144,722 shares of the company’s stock worth $3,859,727,000 after buying an additional 5,635,481 shares during the last quarter. Morgan Stanley lifted its position in shares of iShares Core MSCI EAFE ETF by 4.9% in the 4th quarter. Morgan Stanley now owns 104,883,248 shares of the company’s stock worth $9,382,856,000 after buying an additional 4,892,313 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of iShares Core MSCI EAFE ETF by 2.2% in the 3rd quarter. Bank of America Corp DE now owns 224,863,248 shares of the company’s stock valued at $19,632,810,000 after buying an additional 4,837,732 shares during the period.
About iShares Core MSCI EAFE ETF
The iShares Core MSCI EAFE ETF (IEFA) is an exchange-traded fund that is based on the MSCI EAFE IMI index, a market-cap-weighted index of developed-market stocks in Europe, Australasia and the Far East, and excludes North America IEFA was launched on Oct 18, 2012 and is managed by BlackRock.
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