Short Interest in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Increases By 75.4%

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 3,013,117 shares, an increase of 75.4% from the May 31st total of 1,718,213 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,161,662 shares, the days-to-cover ratio is currently 2.6 days.

iShares MSCI Intl Quality Factor ETF Stock Performance

Shares of NYSEARCA:IQLT opened at $48.99 on Thursday. The stock has a 50 day moving average of $49.06 and a 200 day moving average of $47.82. The company has a market cap of $13.50 billion, a PE ratio of 18.86 and a beta of 0.83. iShares MSCI Intl Quality Factor ETF has a 12-month low of $41.20 and a 12-month high of $50.08.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Hedge funds have recently made changes to their positions in the business. Steelhead Wealth Management LLC bought a new stake in iShares MSCI Intl Quality Factor ETF during the 1st quarter valued at approximately $299,000. Allen Capital Group LLC lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 0.6% in the first quarter. Allen Capital Group LLC now owns 1,016,646 shares of the company’s stock worth $47,000,000 after buying an additional 6,226 shares in the last quarter. WNY Asset Management LLC purchased a new position in shares of iShares MSCI Intl Quality Factor ETF in the first quarter worth $1,022,000. Segall Bryant & Hamill LLC bought a new position in shares of iShares MSCI Intl Quality Factor ETF during the first quarter worth $5,268,000. Finally, Verus Capital Partners LLC grew its stake in iShares MSCI Intl Quality Factor ETF by 2.5% during the first quarter. Verus Capital Partners LLC now owns 282,921 shares of the company’s stock valued at $13,079,000 after acquiring an additional 6,791 shares in the last quarter.

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.