Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Increases By 6.8%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,880,000 shares, a growth of 6.8% from the October 15th total of 1,760,000 shares. Based on an average daily volume of 785,400 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich grew its holdings in iShares MSCI Europe Financials ETF by 93,641.9% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 20,371,983 shares of the company’s stock worth $390,735,000 after acquiring an additional 20,350,251 shares during the last quarter. Jane Street Group LLC grew its holdings in iShares MSCI Europe Financials ETF by 670.3% during the 1st quarter. Jane Street Group LLC now owns 7,765,112 shares of the company’s stock worth $145,208,000 after acquiring an additional 6,757,003 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI Europe Financials ETF by 28.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,537,760 shares of the company’s stock worth $144,574,000 after purchasing an additional 1,667,053 shares during the period. Alaska Permanent Fund Corp acquired a new position in shares of iShares MSCI Europe Financials ETF in the 2nd quarter worth approximately $58,169,000. Finally, RiverFront Investment Group LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 11.6% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,896,969 shares of the company’s stock worth $36,383,000 after purchasing an additional 197,092 shares during the period.

iShares MSCI Europe Financials ETF Trading Up 1.8 %

Shares of iShares MSCI Europe Financials ETF stock opened at $19.87 on Friday. The firm has a market capitalization of $1.28 billion, a PE ratio of 8.05 and a beta of 1.07. The firm’s 50 day moving average is $18.83 and its 200 day moving average is $19.13. iShares MSCI Europe Financials ETF has a 1 year low of $16.71 and a 1 year high of $20.27.

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.