iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Sees Large Increase in Short Interest

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 695,493 shares, a growth of 182.9% from the April 30th total of 245,834 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 1,172,872 shares, the short-interest ratio is currently 0.6 days.

iShares MSCI Intl Value Factor ETF Stock Up 0.0%

IVLU stock traded up $0.01 during mid-day trading on Friday, reaching $42.95. 536,201 shares of the company traded hands, compared to its average volume of 1,455,111. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 10.99 and a beta of 0.61. iShares MSCI Intl Value Factor ETF has a fifty-two week low of $31.60 and a fifty-two week high of $43.40. The firm’s 50 day moving average price is $41.23 and its 200 day moving average price is $39.96.

Hedge Funds Weigh In On iShares MSCI Intl Value Factor ETF

A number of hedge funds have recently added to or reduced their stakes in IVLU. Brighton Jones LLC acquired a new position in iShares MSCI Intl Value Factor ETF during the 4th quarter valued at about $454,000. Royal Bank of Canada lifted its position in shares of iShares MSCI Intl Value Factor ETF by 45.1% during the 1st quarter. Royal Bank of Canada now owns 150,433 shares of the company’s stock worth $4,560,000 after buying an additional 46,755 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of iShares MSCI Intl Value Factor ETF during the 1st quarter worth approximately $473,000. Goldman Sachs Group Inc. lifted its position in shares of iShares MSCI Intl Value Factor ETF by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 242,315 shares of the company’s stock worth $7,345,000 after buying an additional 8,276 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of iShares MSCI Intl Value Factor ETF by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 153,148 shares of the company’s stock worth $5,037,000 after buying an additional 46,555 shares in the last quarter.

iShares MSCI Intl Value Factor ETF Company Profile

The iShares Edge MSCI Intl Value Factor ETF (IVLU) is an exchange-traded fund that is based on the MSCI World ex USA Enhanced Value index. The fund tracks an index of large- and mid-cap developed ex-US equities, selected using fundamental metrics, and weighted by these metrics and market-cap. IVLU was launched on Jun 16, 2015 and is managed by BlackRock.