iShares MSCI Europe Financials ETF (NASDAQ:EUFN) Short Interest Update

iShares MSCI Europe Financials ETF (NASDAQ:EUFN) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 304,100 shares, a decline of 18.4% from the December 31st total of 372,700 shares. Based on an average trading volume of 458,700 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares MSCI Europe Financials ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in iShares MSCI Europe Financials ETF by 263.2% during the 3rd quarter. Jane Street Group LLC now owns 1,872,119 shares of the company’s stock valued at $46,298,000 after purchasing an additional 1,356,609 shares during the period. Bank of Montreal Can increased its position in iShares MSCI Europe Financials ETF by 747.1% during the 3rd quarter. Bank of Montreal Can now owns 304,363 shares of the company’s stock valued at $7,585,000 after purchasing an additional 268,435 shares during the period. JPMorgan Chase & Co. increased its position in iShares MSCI Europe Financials ETF by 1.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,390,657 shares of the company’s stock valued at $256,961,000 after purchasing an additional 109,153 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 3rd quarter worth about $1,872,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of iShares MSCI Europe Financials ETF in the 4th quarter worth about $732,000.

iShares MSCI Europe Financials ETF Stock Performance

NASDAQ:EUFN traded down $0.25 during midday trading on Friday, reaching $25.27. 1,346,669 shares of the stock traded hands, compared to its average volume of 493,718. The company has a fifty day moving average of $23.98 and a 200 day moving average of $23.83. iShares MSCI Europe Financials ETF has a 12 month low of $20.03 and a 12 month high of $25.66. The stock has a market capitalization of $1.97 billion, a P/E ratio of 11.90 and a beta of 1.07.

iShares MSCI Europe Financials ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4752 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.