Dallas, Texas 07/15/2013 (Financialstrend) – IShares MSCI EAFE Index Fund (ETF) (NYSEARCA:EFA), the Exchange Traded Fund aimed at tracking the movements in developed country stock markets such as those of Europe, Far East Countries and Australasia, would be now tracked for its volatility through the newly developed volatility index of the Chicago Board Options Exchange. The creator of the highly popular and widely observed CBOE Volatility Index has recently developed the new index to track the volatility of EAFE exchange traded funds.
The new index started to track the fluctuations in the IShares MSCI EAFE ETF from July 01, 2013 and will provide valuable information on the volatility of the fund units. The primary investment objective of this exchange traded fund is to seek investment results that could be obtained relative to the current price and yield performance of the underlying index, MSCI EAFE Index. This Index was basically developed to represent the stock performance of the companies operating in the international markets of the developed countries and is maintained by the Black Rock Fund Advisors.
IShares MSCI EAFE Index Fund (ETF) (NYSEARCA: EFA) closed at $59.81 on Friday, recording a decrease of 0.68% for the stock. During the day, the stock was fluctuating between a low intraday price of $59.63 and a high intraday price of $59.92 per share. The stock currently has a 52-week low of $47.30 and a 52-week high of $64.14 per share. IShares has market cap of $41.63 billion with around 696.00 million outstanding shares in the market and institutional ownership of 70 percent of the company’s total equity capital. The stock witnessed active trading in around 3.72 million shares on Friday.