Short Interest in iShares Europe ETF (NYSEARCA:IEV) Grows By 44.9%

iShares Europe ETF (NYSEARCA:IEV) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 122,219 shares, an increase of 44.9% from the February 12th total of 84,360 shares. Based on an average trading volume of 212,588 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 212,588 shares, the days-to-cover ratio is presently 0.6 days.

iShares Europe ETF Stock Performance

Shares of IEV stock opened at $67.39 on Monday. iShares Europe ETF has a fifty-two week low of $51.30 and a fifty-two week high of $74.45. The stock has a 50 day moving average price of $71.45 and a two-hundred day moving average price of $68.10. The company has a market capitalization of $1.62 billion, a P/E ratio of 16.48 and a beta of 0.91.

Institutional Investors Weigh In On iShares Europe ETF

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in iShares Europe ETF by 3.0% in the 4th quarter. Comerica Bank now owns 4,871 shares of the company’s stock worth $334,000 after acquiring an additional 142 shares during the last quarter. Spire Wealth Management raised its stake in shares of iShares Europe ETF by 3.7% during the fourth quarter. Spire Wealth Management now owns 4,175 shares of the company’s stock valued at $286,000 after acquiring an additional 150 shares during the last quarter. Institute for Wealth Management LLC. boosted its holdings in shares of iShares Europe ETF by 0.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 43,632 shares of the company’s stock worth $2,993,000 after purchasing an additional 156 shares during the period. Aptus Capital Advisors LLC boosted its holdings in shares of iShares Europe ETF by 0.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 58,080 shares of the company’s stock worth $3,984,000 after purchasing an additional 156 shares during the period. Finally, Daymark Wealth Partners LLC grew its stake in shares of iShares Europe ETF by 1.0% in the fourth quarter. Daymark Wealth Partners LLC now owns 16,238 shares of the company’s stock worth $1,114,000 after purchasing an additional 161 shares during the last quarter.

iShares Europe ETF Company Profile

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.