iShares Global Equity Factor ETF (NYSEARCA:GLOF) Sees Significant Decrease in Short Interest

iShares Global Equity Factor ETF (NYSEARCA:GLOF) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 8,371 shares, a drop of 51.2% from the June 30th total of 17,159 shares. Based on an average daily trading volume, of 12,070 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s stock are short sold.

iShares Global Equity Factor ETF Price Performance

NYSEARCA GLOF traded up $1.12 during trading on Thursday, hitting $58.94. The company’s stock had a trading volume of 11,680 shares, compared to its average volume of 17,292. iShares Global Equity Factor ETF has a fifty-two week low of $48.08 and a fifty-two week high of $60.31. The company has a market cap of $215.13 million, a PE ratio of 17.48 and a beta of 0.91. The business’s 50 day simple moving average is $58.83 and its 200-day simple moving average is $56.22.

Institutional Trading of iShares Global Equity Factor ETF

Several large investors have recently bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new position in iShares Global Equity Factor ETF during the 2nd quarter valued at approximately $1,746,000. Ameriprise Financial Inc. grew its holdings in shares of iShares Global Equity Factor ETF by 66.3% during the second quarter. Ameriprise Financial Inc. now owns 25,078 shares of the company’s stock valued at $1,209,000 after buying an additional 10,002 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Global Equity Factor ETF by 6,838.2% during the second quarter. Bank of America Corp DE now owns 57,865 shares of the company’s stock valued at $2,789,000 after buying an additional 57,031 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of iShares Global Equity Factor ETF by 1.5% during the second quarter. Modern Wealth Management LLC now owns 16,735 shares of the company’s stock valued at $807,000 after buying an additional 242 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of iShares Global Equity Factor ETF by 63.0% in the 3rd quarter. Citadel Advisors LLC now owns 37,898 shares of the company’s stock valued at $1,956,000 after acquiring an additional 14,645 shares during the period.

About iShares Global Equity Factor ETF

The iShares Global Equity Factor ETF (GLOF) is an exchange-traded fund that is based on the STOXX Global Equity Factor index. The fund tracks an index of large- and mid-cap equities from around the world. Stocks are selected and weighted to optimize exposure to five factors: quality, value, momentum, smaller size and low volatility. GLOF was launched on Apr 28, 2015 and is managed by BlackRock.