Short Interest in iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) Drops By 16.6%

by · The Cerbat Gem

iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 44,300 shares, a drop of 16.6% from the February 13th total of 53,100 shares. Based on an average daily volume of 14,700 shares, the short-interest ratio is currently 3.0 days. Approximately 3.0% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares MSCI Europe Small-Cap ETF

A number of institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its stake in shares of iShares MSCI Europe Small-Cap ETF by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,363 shares of the company’s stock valued at $288,000 after buying an additional 183 shares during the period. Deutsche Bank AG boosted its stake in shares of iShares MSCI Europe Small-Cap ETF by 3.6% during the 4th quarter. Deutsche Bank AG now owns 17,951 shares of the company’s stock valued at $963,000 after buying an additional 632 shares during the period. Bank of America Corp DE boosted its stake in shares of iShares MSCI Europe Small-Cap ETF by 15.3% during the 4th quarter. Bank of America Corp DE now owns 7,249 shares of the company’s stock valued at $389,000 after buying an additional 962 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of iShares MSCI Europe Small-Cap ETF during the 4th quarter valued at $88,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of iShares MSCI Europe Small-Cap ETF during the 4th quarter valued at $211,000.

iShares MSCI Europe Small-Cap ETF Stock Up 0.0 %

Shares of NASDAQ:IEUS traded up $0.01 during trading on Wednesday, reaching $60.07. 2,483 shares of the company traded hands, compared to its average volume of 9,806. The firm has a fifty day simple moving average of $56.50 and a 200 day simple moving average of $56.69. The firm has a market cap of $90.10 million, a P/E ratio of 14.02 and a beta of 1.15. iShares MSCI Europe Small-Cap ETF has a 1-year low of $51.55 and a 1-year high of $61.44.

iShares MSCI Europe Small-Cap ETF Company Profile

(Get Free Report)

The iShares MSCI Europe Small-Cap ETF (IEUS) is an exchange-traded fund that is based on the MSCI Europe Small Cap index, a market-cap-weighted index of companies in developed countries of Europe. IEUS was launched on Nov 12, 2007 and is managed by BlackRock.

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