iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Down 56.3% in December

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 268,728 shares, a drop of 56.3% from the December 15th total of 614,768 shares. Based on an average daily trading volume, of 883,493 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 883,493 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. CPA Asset Management Group LLC bought a new position in iShares MSCI Europe Financials ETF during the fourth quarter valued at $314,000. DAVENPORT & Co LLC grew its holdings in iShares MSCI Europe Financials ETF by 165.2% during the 4th quarter. DAVENPORT & Co LLC now owns 26,129 shares of the company’s stock valued at $969,000 after purchasing an additional 16,277 shares during the last quarter. Westview Management dba Westview Investment Advisors purchased a new stake in iShares MSCI Europe Financials ETF in the 4th quarter worth about $5,791,000. Wealth Enhancement Advisory Services LLC raised its position in iShares MSCI Europe Financials ETF by 13.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,037 shares of the company’s stock worth $864,000 after purchasing an additional 2,682 shares during the period. Finally, Arlington Capital Management Inc. bought a new stake in iShares MSCI Europe Financials ETF in the fourth quarter worth about $4,663,000.

iShares MSCI Europe Financials ETF Price Performance

Shares of EUFN stock traded up $0.15 during mid-day trading on Wednesday, hitting $37.35. The company had a trading volume of 206,350 shares, compared to its average volume of 1,302,308. iShares MSCI Europe Financials ETF has a 52-week low of $23.94 and a 52-week high of $37.90. The stock’s 50 day moving average price is $35.72 and its 200-day moving average price is $34.16. The company has a market capitalization of $4.70 billion, a P/E ratio of 11.10 and a beta of 0.94.

iShares MSCI Europe Financials ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $0.5156 dividend. The ex-dividend date was Tuesday, December 16th. This represents a yield of 286.0%.

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.