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

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 313,505 shares, a decrease of 38.1% from the May 14th total of 506,641 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 1,478,461 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

Institutional investors have recently added to or reduced their stakes in the business. Osbon Capital Management LLC acquired a new position in iShares Core MSCI Europe ETF in the fourth quarter valued at $26,000. HHM Wealth Advisors LLC acquired a new position in iShares Core MSCI Europe ETF in the fourth quarter valued at $27,000. Franklin Resources Inc. acquired a new position in iShares Core MSCI Europe ETF in the second quarter valued at $27,000. International Assets Investment Management LLC acquired a new position in iShares Core MSCI Europe ETF in the fourth quarter valued at $28,000. Finally, JFS Wealth Advisors LLC acquired a new stake in iShares Core MSCI Europe ETF during the fourth quarter worth about $37,000.

iShares Core MSCI Europe ETF Stock Performance

iShares Core MSCI Europe ETF stock opened at $76.41 on Monday. The firm has a market capitalization of $8.96 billion, a P/E ratio of 16.78 and a beta of 0.84. The stock has a fifty day moving average price of $74.57 and a 200 day moving average price of $72.99. iShares Core MSCI Europe ETF has a 52 week low of $63.38 and a 52 week high of $76.97.

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.