E*TRADE Financial Corporation (NASDAQ:ETFC), A reduction of 492,816 shares or 11.4% was observed in the short interest of E*TRADE Financial Corporation The interest on June 15,2016 came in at 3,819,657 shares and as per the average daily trading of 3,207,287 shares, the days to cover are 1. The reduced interest is 1.4% of the floated shares. The data of May 31,2016 put the interest at 4,312,473 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
E*TRADE Financial Corporation (NASDAQ:ETFC): The stock opened at $23.90 on Friday but the bulls could not build on the opening and the stock topped out at $24.26 for the day. The stock traded down to $22.99 during the day, due to lack of any buying support eventually closed down at $23.11 with a loss of -11.76% for the day. The stock had closed at $26.19 on the previous day. The total traded volume was 8,421,598 shares.
The company shares have dropped -21.23% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $30.98 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.04 and the 200 Day Moving Average price is recorded at $25.45.
E*TRADE Financial Corporation (NASDAQ:ETFC) has tumbled 6.7% during the past week and has dropped 16.93% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.15%. E*TRADE Financial Corporation (NASDAQ:ETFC) has underperformed the index by 14.42% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.