iShares MSCI EAFE Growth ETF (BATS:EFG) Sees Significant Decrease in Short Interest

iShares MSCI EAFE Growth ETF (BATS:EFG) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 1,163,281 shares, a drop of 60.6% from the May 31st total of 2,950,516 shares. Based on an average daily volume of 983,448 shares, the short-interest ratio is currently 1.2 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Trading of iShares MSCI EAFE Growth ETF

A number of hedge funds have recently bought and sold shares of EFG. Bank of America Corp DE boosted its stake in iShares MSCI EAFE Growth ETF by 35.0% in the first quarter. Bank of America Corp DE now owns 4,708,538 shares of the company’s stock worth $524,390,000 after buying an additional 1,221,082 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of iShares MSCI EAFE Growth ETF by 125.2% during the first quarter. Cetera Investment Advisers now owns 2,208,206 shares of the company’s stock worth $245,928,000 after acquiring an additional 1,227,595 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares MSCI EAFE Growth ETF by 166.6% during the first quarter. Bank of New York Mellon Corp now owns 1,472,363 shares of the company’s stock worth $163,977,000 after acquiring an additional 920,188 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of iShares MSCI EAFE Growth ETF by 8.0% in the 2nd quarter. MML Investors Services LLC now owns 1,333,981 shares of the company’s stock worth $149,406,000 after acquiring an additional 99,158 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI EAFE Growth ETF by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,242,079 shares of the company’s stock worth $138,664,000 after acquiring an additional 13,888 shares during the last quarter.

iShares MSCI EAFE Growth ETF Price Performance

Shares of EFG stock opened at $121.75 on Monday. The business has a 50-day moving average price of $121.41 and a two-hundred day moving average price of $118.46. iShares MSCI EAFE Growth ETF has a 12-month low of $106.33 and a 12-month high of $125.71. The firm has a market cap of $14.32 billion, a P/E ratio of 24.98 and a beta of 0.96.

About iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. The Fund invests in sectors, such as consumer staples, industrials, consumer discretionary, materials, healthcare, financials, information technology, energy, telecommunication services and utilities.