iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Large Growth in Short Interest

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 290,700 shares, a growth of 8.2% from the October 15th total of 268,700 shares. Based on an average daily volume of 361,600 shares, the short-interest ratio is currently 0.8 days.

iShares MSCI Europe Financials ETF Stock Performance

NASDAQ EUFN traded up $0.21 during trading on Monday, hitting $23.84. The stock had a trading volume of 140,961 shares, compared to its average volume of 592,269. The company has a market capitalization of $1.94 billion, a PE ratio of 11.90 and a beta of 1.07. The company’s 50-day moving average price is $24.20 and its two-hundred day moving average price is $23.55. iShares MSCI Europe Financials ETF has a 12 month low of $19.70 and a 12 month high of $25.09.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC raised its stake in shares of iShares MSCI Europe Financials ETF by 263.2% during the 3rd quarter. Jane Street Group LLC now owns 1,872,119 shares of the company’s stock worth $46,298,000 after purchasing an additional 1,356,609 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares MSCI Europe Financials ETF by 0.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 623,419 shares of the company’s stock valued at $13,940,000 after buying an additional 2,051 shares in the last quarter. RiverFront Investment Group LLC grew its holdings in iShares MSCI Europe Financials ETF by 7.3% in the 2nd quarter. RiverFront Investment Group LLC now owns 455,759 shares of the company’s stock valued at $10,191,000 after buying an additional 30,901 shares in the last quarter. Bank of Montreal Can grew its holdings in iShares MSCI Europe Financials ETF by 747.1% in the 3rd quarter. Bank of Montreal Can now owns 304,363 shares of the company’s stock valued at $7,585,000 after buying an additional 268,435 shares in the last quarter. Finally, Waterfront Wealth Inc. grew its holdings in iShares MSCI Europe Financials ETF by 2.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 238,651 shares of the company’s stock valued at $5,336,000 after buying an additional 5,915 shares in the last quarter.

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.