Short Interest in iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Expands By 6.8%

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,880,000 shares, an increase of 6.8% from the October 15th total of 1,760,000 shares. Based on an average trading volume of 785,400 shares, the short-interest ratio is currently 2.4 days.

iShares MSCI Europe Financials ETF Price Performance

NASDAQ EUFN opened at $19.52 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of 8.05 and a beta of 1.07. iShares MSCI Europe Financials ETF has a 1-year low of $16.69 and a 1-year high of $20.27. The stock has a 50-day moving average of $18.80 and a two-hundred day moving average of $19.12.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

A number of hedge funds have recently added to or reduced their stakes in EUFN. Guardian Wealth Advisors LLC NC raised its stake in shares of iShares MSCI Europe Financials ETF by 6.6% in the first quarter. Guardian Wealth Advisors LLC NC now owns 11,292 shares of the company’s stock valued at $211,000 after acquiring an additional 698 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of iShares MSCI Europe Financials ETF during the first quarter worth about $647,000. Bank of Montreal Can purchased a new stake in shares of iShares MSCI Europe Financials ETF during the second quarter worth approximately $774,000. Viewpoint Capital Management LLC raised its holdings in iShares MSCI Europe Financials ETF by 1.7% in the second quarter. Viewpoint Capital Management LLC now owns 129,306 shares of the company’s stock valued at $2,480,000 after acquiring an additional 2,131 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in iShares MSCI Europe Financials ETF in the first quarter worth approximately $3,998,000.

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.