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

iShares Global Equity Factor ETF (NYSEARCA:GLOF) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 5,206 shares, a drop of 37.8% from the July 15th total of 8,371 shares. Based on an average daily trading volume, of 25,412 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Global Equity Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Elevated Capital Advisors LLC acquired a new position in shares of iShares Global Equity Factor ETF during the fourth quarter valued at $60,000. Sankala Group LLC acquired a new stake in iShares Global Equity Factor ETF in the fourth quarter worth about $64,000. Advisory Services Network LLC bought a new stake in iShares Global Equity Factor ETF during the 3rd quarter worth about $71,000. Whittier Trust Co. of Nevada Inc. lifted its position in iShares Global Equity Factor ETF by 55.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,340 shares of the company’s stock valued at $124,000 after purchasing an additional 831 shares during the period. Finally, Compass Financial Management LLC acquired a new position in iShares Global Equity Factor ETF during the 2nd quarter valued at about $131,000.

iShares Global Equity Factor ETF Stock Performance

Shares of iShares Global Equity Factor ETF stock opened at $60.92 on Thursday. The firm has a market cap of $222.36 million, a P/E ratio of 17.48 and a beta of 0.91. The firm’s 50-day simple moving average is $59.31 and its 200-day simple moving average is $56.89. iShares Global Equity Factor ETF has a twelve month low of $49.33 and a twelve month high of $61.78.

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.