iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Update

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 374,500 shares, a drop of 55.5% from the February 13th total of 842,200 shares. Based on an average daily trading volume, of 831,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EUFN. Circle Wealth Management LLC lifted its position in shares of iShares MSCI Europe Financials ETF by 3.6% in the 4th quarter. Circle Wealth Management LLC now owns 26,646 shares of the company’s stock worth $621,000 after purchasing an additional 923 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter worth approximately $693,000. Captrust Financial Advisors acquired a new position in shares of iShares MSCI Europe Financials ETF in the 4th quarter worth approximately $254,000. Baird Financial Group Inc. lifted its position in shares of iShares MSCI Europe Financials ETF by 13.5% in the 4th quarter. Baird Financial Group Inc. now owns 13,076 shares of the company’s stock worth $305,000 after purchasing an additional 1,559 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of iShares MSCI Europe Financials ETF by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 36,666 shares of the company’s stock worth $854,000 after purchasing an additional 1,796 shares during the period.

iShares MSCI Europe Financials ETF Trading Up 2.6 %

EUFN stock traded up $0.74 during mid-day trading on Friday, hitting $28.82. The stock had a trading volume of 1,534,089 shares, compared to its average volume of 1,079,148. iShares MSCI Europe Financials ETF has a 52 week low of $21.04 and a 52 week high of $29.06. The firm has a market capitalization of $2.27 billion, a P/E ratio of 11.45 and a beta of 1.07. The firm has a fifty day simple moving average of $26.01 and a 200 day simple moving average of $24.68.

iShares MSCI Europe Financials ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4752 per share. The ex-dividend date was Tuesday, December 17th.

About iShares MSCI Europe Financials ETF

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.