iShares MSCI Eurozone ETF (BATS:EZU) Stock Short Interest Declines 41.5%

iShares MSCI Eurozone ETF (BATS:EZU) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,238,027 shares, a decline of 41.5% from the September 15th total of 2,117,350 shares. Based on an average daily volume of 961,991 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.9% of the shares of the company are sold short.

iShares MSCI Eurozone ETF Trading Down 0.3%

Shares of BATS:EZU traded down $0.20 on Friday, hitting $65.82. The company had a trading volume of 832,681 shares, compared to its average volume of 1,488,770. iShares MSCI Eurozone ETF has a 1-year low of $59.92 and a 1-year high of $72.19. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 16.35 and a beta of 1.01. The stock has a 50 day moving average price of $69.07 and a 200 day moving average price of $68.23.

Institutional Investors Weigh In On iShares MSCI Eurozone ETF

A number of institutional investors have recently made changes to their positions in EZU. Royal Bank of Canada increased its stake in shares of iShares MSCI Eurozone ETF by 113.9% during the first quarter. Royal Bank of Canada now owns 11,862,280 shares of the company’s stock worth $743,052,000 after purchasing an additional 6,316,311 shares during the period. Bank of America Corp DE boosted its stake in iShares MSCI Eurozone ETF by 12.3% in the 1st quarter. Bank of America Corp DE now owns 8,539,311 shares of the company’s stock valued at $534,902,000 after purchasing an additional 937,598 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in iShares MSCI Eurozone ETF by 8,264.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 419,834 shares of the company’s stock valued at $26,298,000 after buying an additional 414,815 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in iShares MSCI Eurozone ETF by 109.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 399,572 shares of the company’s stock valued at $25,613,000 after buying an additional 208,866 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in iShares MSCI Eurozone ETF by 98.7% in the 1st quarter. Cetera Investment Advisers now owns 310,456 shares of the company’s stock valued at $19,447,000 after buying an additional 154,222 shares in the last quarter.

iShares MSCI Eurozone ETF Company Profile

iShares MSCI EMU ETF, formerly iShares MSCI EMU Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the European Monetary Union (EMU) markets, as measured by the MSCI EMU Index (the Index). The Index seeks to measure the performance of the equity markets of the EMU member countries: those members of the European Union who have adopted the Euro as its currency.