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

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant growth in short interest in the month of 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 trading volume, of 361,600 shares, the short-interest ratio is presently 0.8 days.

iShares MSCI Europe Financials ETF Price Performance

Shares of NASDAQ EUFN opened at $23.84 on Tuesday. The company’s 50 day simple moving average is $24.20 and its 200 day simple moving average is $23.55. iShares MSCI Europe Financials ETF has a fifty-two week low of $19.70 and a fifty-two week high of $25.09. The firm has a market capitalization of $1.94 billion, a P/E ratio of 11.90 and a beta of 1.07.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

Large investors have recently bought and sold shares of the business. EP Wealth Advisors LLC bought a new stake in iShares MSCI Europe Financials ETF in the third quarter valued at approximately $183,000. Jane Street Group LLC increased its stake in iShares MSCI Europe Financials ETF by 263.2% in the third quarter. Jane Street Group LLC now owns 1,872,119 shares of the company’s stock valued at $46,298,000 after purchasing an additional 1,356,609 shares in the last quarter. HighTower Advisors LLC increased its stake in iShares MSCI Europe Financials ETF by 3.0% in the third quarter. HighTower Advisors LLC now owns 105,769 shares of the company’s stock valued at $2,613,000 after purchasing an additional 3,050 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in iShares MSCI Europe Financials ETF in the third quarter valued at approximately $1,872,000. Finally, Transamerica Financial Advisors Inc. increased its stake in iShares MSCI Europe Financials ETF by 2.9% in the third quarter. Transamerica Financial Advisors Inc. now owns 56,523 shares of the company’s stock valued at $1,398,000 after purchasing an additional 1,616 shares in the last quarter.

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.