iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Large Increase in Short Interest

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 2,596,076 shares, an increase of 2,111.4% from the March 31st total of 117,395 shares. Based on an average daily volume of 2,221,538 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Trust Co. of Toledo NA OH boosted its stake in iShares MSCI Intl Quality Factor ETF by 436.9% during the fourth quarter. Trust Co. of Toledo NA OH now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 450 shares in the last quarter. Guerra Advisors Inc bought a new position in iShares MSCI Intl Quality Factor ETF during the third quarter valued at about $27,000. Arax Advisory Partners bought a new position in iShares MSCI Intl Quality Factor ETF during the fourth quarter valued at about $37,000. Qube Research & Technologies Ltd bought a new position in iShares MSCI Intl Quality Factor ETF during the second quarter valued at about $42,000. Finally, Lloyd Advisory Services LLC. bought a new position in iShares MSCI Intl Quality Factor ETF during the fourth quarter valued at about $44,000.

iShares MSCI Intl Quality Factor ETF Stock Performance

Shares of NYSEARCA:IQLT traded up $0.36 on Friday, hitting $48.99. The company’s stock had a trading volume of 1,191,151 shares, compared to its average volume of 2,401,851. iShares MSCI Intl Quality Factor ETF has a 12 month low of $40.67 and a 12 month high of $50.00. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 18.86 and a beta of 0.86. The stock’s 50-day moving average is $47.61 and its two-hundred day moving average is $46.34.

iShares MSCI Intl Quality Factor ETF Company Profile

The iShares MSCI Intl Quality Factor ETF (IQLT) is an exchange-traded fund that is based on the World ex USA Sector Neutral Quality index. The fund tracks an index of large- and mid-cap stocks in developed countries, outside of the US. The index is selected and weighted for exposure to fundamental quality metrics. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.