iShares MSCI EAFE Growth ETF (BATS:EFG) Sees Significant Growth in Short Interest

iShares MSCI EAFE Growth ETF (BATS:EFG) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,950,516 shares, a growth of 321.8% from the May 14th total of 699,462 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average trading volume of 1,280,030 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On iShares MSCI EAFE Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FAS Wealth Partners Inc. grew its position in shares of iShares MSCI EAFE Growth ETF by 1.4% during the 1st quarter. FAS Wealth Partners Inc. now owns 464,189 shares of the company’s stock worth $51,697,000 after buying an additional 6,603 shares in the last quarter. Parallel Advisors LLC increased its holdings in iShares MSCI EAFE Growth ETF by 22.9% during the first quarter. Parallel Advisors LLC now owns 9,921 shares of the company’s stock valued at $1,105,000 after buying an additional 1,849 shares during the period. NewEdge Advisors LLC increased its holdings in iShares MSCI EAFE Growth ETF by 391.7% during the first quarter. NewEdge Advisors LLC now owns 662,281 shares of the company’s stock valued at $73,758,000 after buying an additional 527,578 shares during the period. Concorde Asset Management LLC increased its holdings in iShares MSCI EAFE Growth ETF by 6.2% during the first quarter. Concorde Asset Management LLC now owns 27,590 shares of the company’s stock valued at $3,073,000 after buying an additional 1,620 shares during the period. Finally, Keel Point LLC increased its holdings in iShares MSCI EAFE Growth ETF by 0.9% during the first quarter. Keel Point LLC now owns 17,522 shares of the company’s stock valued at $1,951,000 after buying an additional 155 shares during the period.

iShares MSCI EAFE Growth ETF Trading Up 0.2%

Shares of EFG traded up $0.19 during midday trading on Friday, reaching $123.68. 520,141 shares of the stock were exchanged, compared to its average volume of 1,720,917. iShares MSCI EAFE Growth ETF has a 52 week low of $106.33 and a 52 week high of $124.28. The company’s 50 day moving average is $119.87 and its two-hundred day moving average is $117.70. The company has a market capitalization of $14.54 billion, a P/E ratio of 24.98 and a beta of 0.96.

About iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.