iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Significant Decrease in Short Interest

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 242,836 shares, a drop of 54.6% from the August 15th total of 534,672 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,547,423 shares, the short-interest ratio is presently 0.2 days.

iShares Core MSCI Europe ETF Price Performance

Shares of NYSEARCA IEUR traded down $0.31 during midday trading on Wednesday, reaching $74.91. 750,951 shares of the stock were exchanged, compared to its average volume of 1,329,833. iShares Core MSCI Europe ETF has a 12 month low of $66.42 and a 12 month high of $78.90. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 16.78 and a beta of 0.84. The business has a 50-day simple moving average of $76.70 and a two-hundred day simple moving average of $74.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEUR. JPMorgan Chase & Co. raised its position in shares of iShares Core MSCI Europe ETF by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 9,098,317 shares of the company’s stock worth $645,799,000 after purchasing an additional 102,846 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares Core MSCI Europe ETF by 95.0% during the 1st quarter. Bank of America Corp DE now owns 7,579,128 shares of the company’s stock valued at $532,585,000 after purchasing an additional 3,691,520 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares Core MSCI Europe ETF by 19.8% in the 4th quarter. LPL Financial LLC now owns 2,600,074 shares of the company’s stock valued at $184,553,000 after purchasing an additional 428,861 shares during the period. Assetmark Inc. grew its position in shares of iShares Core MSCI Europe ETF by 26.7% in the 1st quarter. Assetmark Inc. now owns 2,380,720 shares of the company’s stock valued at $167,293,000 after purchasing an additional 501,422 shares during the period. Finally, MML Investors Services LLC increased its stake in iShares Core MSCI Europe ETF by 24.0% during the 4th quarter. MML Investors Services LLC now owns 1,469,316 shares of the company’s stock worth $104,292,000 after purchasing an additional 284,413 shares in the last quarter.

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.