Short Interest in iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Expands By 115.7%

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,668,977 shares, an increase of 115.7% from the January 15th total of 1,701,269 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average trading volume of 1,077,861 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 1,077,861 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.7% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of iShares Core MSCI Europe ETF by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 9,098,317 shares of the company’s stock valued at $645,799,000 after purchasing an additional 102,846 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Core MSCI Europe ETF by 15.0% in the third quarter. Envestnet Asset Management Inc. now owns 6,513,210 shares of the company’s stock worth $443,680,000 after buying an additional 847,912 shares during the last quarter. Bank of America Corp DE grew its position in iShares Core MSCI Europe ETF by 73.5% during the third quarter. Bank of America Corp DE now owns 5,374,280 shares of the company’s stock valued at $366,096,000 after buying an additional 2,277,084 shares during the period. CI Investments Inc. increased its holdings in iShares Core MSCI Europe ETF by 9.2% during the third quarter. CI Investments Inc. now owns 3,785,191 shares of the company’s stock valued at $257,847,000 after buying an additional 318,902 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in iShares Core MSCI Europe ETF by 19.8% during the fourth quarter. LPL Financial LLC now owns 2,600,074 shares of the company’s stock valued at $184,553,000 after buying an additional 428,861 shares during the last quarter.

iShares Core MSCI Europe ETF Stock Performance

Shares of IEUR traded up $0.04 during mid-day trading on Friday, hitting $75.16. 881,766 shares of the company traded hands, compared to its average volume of 1,630,022. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93. The stock has a 50-day moving average price of $72.56 and a two-hundred day moving average price of $69.46. iShares Core MSCI Europe ETF has a 1 year low of $53.17 and a 1 year high of $76.04.

iShares Core MSCI Europe ETF Company Profile

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.