iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Large Growth in Short Interest

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 903,837 shares, a growth of 156.2% from the September 15th total of 352,838 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 1,584,608 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of iShares Core MSCI Europe ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IEUR. Waystone Advisors LLC purchased a new stake in iShares Core MSCI Europe ETF in the 1st quarter worth approximately $481,000. Stonebridge Financial Group LLC bought a new position in iShares Core MSCI Europe ETF in the 3rd quarter valued at $28,302,000. Atlas Capital Advisors Inc. purchased a new position in shares of iShares Core MSCI Europe ETF during the 4th quarter valued at $4,293,000. ES4 LLC purchased a new position in shares of iShares Core MSCI Europe ETF during the 4th quarter valued at $27,353,000. Finally, Tanager Wealth Management LLP increased its holdings in shares of iShares Core MSCI Europe ETF by 24.6% in the first quarter. Tanager Wealth Management LLP now owns 153,598 shares of the company’s stock worth $10,793,000 after purchasing an additional 30,316 shares during the period.

iShares Core MSCI Europe ETF Stock Up 0.6%

IEUR traded up $0.46 during midday trading on Tuesday, hitting $73.30. The company had a trading volume of 3,000,841 shares, compared to its average volume of 1,374,711. The stock’s 50 day moving average price is $76.17 and its 200 day moving average price is $75.11. iShares Core MSCI Europe ETF has a 52 week low of $66.45 and a 52 week high of $78.90. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 16.78 and a beta of 0.83.

About iShares Core MSCI Europe ETF

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.