Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Drops By 9.4%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 275,600 shares, a drop of 9.4% from the January 15th total of 304,100 shares. Based on an average daily trading volume, of 502,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of iShares MSCI Europe Financials ETF

Several large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its stake in iShares MSCI Europe Financials ETF by 34.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,727 shares of the company’s stock valued at $40,000 after buying an additional 443 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in iShares MSCI Europe Financials ETF by 2.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 22,222 shares of the company’s stock valued at $518,000 after purchasing an additional 512 shares during the period. Commonwealth Equity Services LLC grew its stake in iShares MSCI Europe Financials ETF by 3.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,714 shares of the company’s stock valued at $413,000 after purchasing an additional 628 shares during the period. PNC Financial Services Group Inc. grew its stake in iShares MSCI Europe Financials ETF by 50.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,932 shares of the company’s stock valued at $45,000 after purchasing an additional 644 shares during the period. Finally, Raymond James & Associates grew its stake in iShares MSCI Europe Financials ETF by 0.3% in the 3rd quarter. Raymond James & Associates now owns 234,366 shares of the company’s stock valued at $5,796,000 after purchasing an additional 683 shares during the period.

iShares MSCI Europe Financials ETF Price Performance

EUFN stock opened at $26.51 on Tuesday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07. iShares MSCI Europe Financials ETF has a fifty-two week low of $20.37 and a fifty-two week high of $26.62. The business’s fifty day moving average price is $24.37 and its two-hundred day moving average price is $24.02.

iShares MSCI Europe Financials ETF Dividend Announcement

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

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.