iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Sees Significant Increase in Short Interest

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 290,700 shares, a growth of 8.2% from the October 15th total of 268,700 shares. Based on an average daily trading volume, of 361,600 shares, the days-to-cover ratio is presently 0.8 days.

iShares MSCI Europe Financials ETF Price Performance

Shares of EUFN stock opened at $23.84 on Tuesday. iShares MSCI Europe Financials ETF has a 12-month low of $19.70 and a 12-month high of $25.09. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 11.90 and a beta of 1.07. The business has a 50 day simple moving average of $24.20 and a 200 day simple moving average of $23.55.

Hedge Funds Weigh In On iShares MSCI Europe Financials ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EUFN. GAMMA Investing LLC grew its holdings in iShares MSCI Europe Financials ETF by 664.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $27,000 after buying an additional 1,063 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in iShares MSCI Europe Financials ETF during the 2nd quarter valued at $49,000. Fifth Third Bancorp bought a new position in iShares MSCI Europe Financials ETF during the 2nd quarter valued at $51,000. Centaurus Financial Inc. bought a new position in iShares MSCI Europe Financials ETF during the 3rd quarter valued at $103,000. Finally, Friedenthal Financial bought a new position in iShares MSCI Europe Financials ETF during the 2nd quarter valued at $123,000.

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.