iShares MSCI Europe IMI Index ETF (TSE:XEU) Shares Up 1.5% – Still a Buy?

iShares MSCI Europe IMI Index ETF (TSE:XEU) shares shot up 1.5% during mid-day trading on Thursday . The company traded as high as C$38.90 and last traded at C$38.74. 5,609 shares were traded during mid-day trading, a decline of 48% from the average session volume of 10,703 shares. The stock had previously closed at C$38.17.

iShares MSCI Europe IMI Index ETF Price Performance

The stock’s fifty day moving average is C$38.36 and its 200-day moving average is C$38.03.

iShares MSCI Europe IMI Index ETF Company Profile

The investment objective of the Fund is to provide long-term capital growth by replicating, to the extent possible, the performance of the MSCI Europe Investable Market Index (the Index), net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.