Short Interest in iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) Drops By 91.0%

iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 4,000 shares, a drop of 91.0% from the February 28th total of 44,300 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares MSCI Europe Small-Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EP Wealth Advisors LLC purchased a new stake in iShares MSCI Europe Small-Cap ETF during the third quarter worth $1,382,000. Drum Hill Capital LLC purchased a new stake in shares of iShares MSCI Europe Small-Cap ETF during the 4th quarter worth $666,000. Cullen Frost Bankers Inc. bought a new stake in iShares MSCI Europe Small-Cap ETF during the fourth quarter valued at about $211,000. Raymond James Financial Inc. purchased a new position in iShares MSCI Europe Small-Cap ETF in the fourth quarter valued at about $2,156,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of iShares MSCI Europe Small-Cap ETF during the fourth quarter valued at about $88,000.

iShares MSCI Europe Small-Cap ETF Stock Down 0.6 %

Shares of IEUS stock traded down $0.33 on Friday, hitting $58.09. The stock had a trading volume of 19,666 shares, compared to its average volume of 10,665. The company has a market cap of $87.14 million, a PE ratio of 13.48 and a beta of 1.15. The business has a 50 day moving average price of $57.23 and a 200 day moving average price of $56.70. iShares MSCI Europe Small-Cap ETF has a one year low of $51.55 and a one year high of $61.44.

About iShares MSCI Europe Small-Cap ETF

The iShares MSCI Europe Small-Cap ETF (IEUS) is an exchange-traded fund that is based on the MSCI Europe Small Cap index, a market-cap-weighted index of companies in developed countries of Europe. IEUS was launched on Nov 12, 2007 and is managed by BlackRock.