iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Down 65.9% in July

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 524,282 shares, a drop of 65.9% from the July 15th total of 1,535,965 shares. Based on an average daily volume of 1,474,392 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.

iShares MSCI Europe Financials ETF Price Performance

Shares of EUFN traded up $0.16 during midday trading on Friday, hitting $42.55. The stock had a trading volume of 424,282 shares, compared to its average volume of 1,507,749. The firm has a market cap of $4.30 billion, a PE ratio of 11.10 and a beta of 0.78. iShares MSCI Europe Financials ETF has a 1 year low of $32.71 and a 1 year high of $42.74. The stock’s 50 day moving average is $39.94 and its 200 day moving average is $38.01.

iShares MSCI Europe Financials ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $1.1368 dividend. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of iShares MSCI Europe Financials ETF by 110.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250,666 shares of the company’s stock valued at $46,387,000 after acquiring an additional 657,466 shares during the period. Fisher Asset Management LLC boosted its position in iShares MSCI Europe Financials ETF by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 37,017,326 shares of the company’s stock worth $1,372,973,000 after purchasing an additional 1,084,716 shares in the last quarter. Bank of Nova Scotia purchased a new position in iShares MSCI Europe Financials ETF during the first quarter worth approximately $1,081,000. Bessemer Group Inc. purchased a new position in iShares MSCI Europe Financials ETF during the first quarter worth approximately $763,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in iShares MSCI Europe Financials ETF by 67,377.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,040,525 shares of the company’s stock valued at $112,773,000 after purchasing an additional 3,036,019 shares during the period.

About iShares MSCI Europe Financials ETF

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.