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

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,873,100 shares, a drop of 35.7% from the February 12th total of 2,912,013 shares. Based on an average daily trading volume, of 1,374,177 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.9% of the shares of the company are sold short. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,374,177 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On iShares Core MSCI Europe ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IEUR. First Command Advisory Services Inc. grew its position in iShares Core MSCI Europe ETF by 21.2% in the 4th quarter. First Command Advisory Services Inc. now owns 842 shares of the company’s stock worth $60,000 after purchasing an additional 147 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of iShares Core MSCI Europe ETF by 2.0% during the 4th quarter. Apollon Wealth Management LLC now owns 7,484 shares of the company’s stock worth $531,000 after purchasing an additional 150 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of iShares Core MSCI Europe ETF by 2.0% in the second quarter. Rothschild Investment LLC now owns 7,994 shares of the company’s stock valued at $529,000 after purchasing an additional 154 shares in the last quarter. SCS Capital Management LLC lifted its position in iShares Core MSCI Europe ETF by 1.2% in the fourth quarter. SCS Capital Management LLC now owns 13,130 shares of the company’s stock worth $932,000 after purchasing an additional 157 shares during the period. Finally, Richardson Financial Services Inc. boosted its stake in iShares Core MSCI Europe ETF by 0.4% during the third quarter. Richardson Financial Services Inc. now owns 39,942 shares of the company’s stock worth $2,721,000 after buying an additional 160 shares in the last quarter.

iShares Core MSCI Europe ETF Stock Performance

Shares of NYSEARCA:IEUR traded down $0.95 during midday trading on Friday, hitting $69.87. The company’s stock had a trading volume of 892,125 shares, compared to its average volume of 2,105,600. The stock’s 50 day simple moving average is $73.95 and its 200 day simple moving average is $70.55. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 16.78 and a beta of 0.93. iShares Core MSCI Europe ETF has a fifty-two week low of $53.17 and a fifty-two week high of $76.97.

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.