iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Down 55.5% in April

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 965,038 shares, a decline of 55.5% from the April 15th total of 2,170,160 shares. Based on an average daily volume of 1,060,589 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its position in iShares MSCI Europe Financials ETF by 2.4% during the 4th quarter. NewEdge Advisors LLC now owns 12,880 shares of the company’s stock valued at $478,000 after purchasing an additional 305 shares during the period. AMJ Financial Wealth Management boosted its position in iShares MSCI Europe Financials ETF by 4.6% during the 4th quarter. AMJ Financial Wealth Management now owns 7,977 shares of the company’s stock valued at $296,000 after purchasing an additional 352 shares during the period. Transamerica Financial Advisors LLC boosted its position in iShares MSCI Europe Financials ETF by 1.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 35,325 shares of the company’s stock valued at $1,117,000 after purchasing an additional 376 shares during the period. Larson Financial Group LLC boosted its position in iShares MSCI Europe Financials ETF by 85.5% during the 4th quarter. Larson Financial Group LLC now owns 855 shares of the company’s stock valued at $32,000 after purchasing an additional 394 shares during the period. Finally, Triumph Capital Management boosted its position in iShares MSCI Europe Financials ETF by 44.9% during the 4th quarter. Triumph Capital Management now owns 1,290 shares of the company’s stock valued at $48,000 after purchasing an additional 400 shares during the period.

iShares MSCI Europe Financials ETF Price Performance

NASDAQ:EUFN traded down $0.51 during midday trading on Friday, reaching $37.05. 841,622 shares of the company traded hands, compared to its average volume of 1,691,854. iShares MSCI Europe Financials ETF has a twelve month low of $30.05 and a twelve month high of $39.23. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 11.10 and a beta of 0.79. The company has a fifty day moving average price of $36.20 and a 200 day moving average price of $36.29.

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. Component securities include those of banks, diversified financial companies, insurance companies and real estate companies.