iShares Core MSCI Europe ETF (NYSEARCA:IEUR) Sees Large Increase in Short Interest

iShares Core MSCI Europe ETF (NYSEARCA:IEUR) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 903,837 shares, an increase of 156.2% from the September 15th total of 352,838 shares. Based on an average daily trading volume, of 1,584,608 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the shares of the company are short sold.

iShares Core MSCI Europe ETF Trading Down 0.3%

Shares of NYSEARCA IEUR traded down $0.25 during midday trading on Wednesday, reaching $73.05. 1,635,311 shares of the company were exchanged, compared to its average volume of 1,376,034. The stock has a market cap of $9.26 billion, a P/E ratio of 16.78 and a beta of 0.83. iShares Core MSCI Europe ETF has a 1 year low of $66.45 and a 1 year high of $78.90. The stock has a fifty day simple moving average of $76.08 and a 200 day simple moving average of $75.14.

Institutional Trading of iShares Core MSCI Europe ETF

Hedge funds have recently added to or reduced their stakes in the stock. Israel Discount Bank of New York grew its stake in shares of iShares Core MSCI Europe ETF by 2.8% in the 3rd quarter. Israel Discount Bank of New York now owns 43,381 shares of the company’s stock valued at $3,197,000 after purchasing an additional 1,199 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of iShares Core MSCI Europe ETF in the third quarter valued at approximately $909,000. NorthCrest Asset Manangement LLC raised its stake in shares of iShares Core MSCI Europe ETF by 3.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,767 shares of the company’s stock worth $346,000 after purchasing an additional 173 shares during the last quarter. Avaii Wealth Management LLC raised its stake in shares of iShares Core MSCI Europe ETF by 52.6% during the third quarter. Avaii Wealth Management LLC now owns 11,221 shares of the company’s stock worth $824,000 after purchasing an additional 3,867 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of iShares Core MSCI Europe ETF by 3.1% during the third quarter. Farther Finance Advisors LLC now owns 12,504 shares of the company’s stock worth $922,000 after purchasing an additional 379 shares during the last quarter.

About iShares Core MSCI Europe ETF

The iShares Core MSCI Europe ETF (IEUR) is an exchange-traded fund that is based on the MSCI Europe IMI index, a market-cap-weighted index of developed European securities. IEUR was launched on Jun 10, 2014 and is managed by BlackRock.