iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Significant Decline in Short Interest

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 768,139 shares, a decrease of 65.2% from the August 15th total of 2,206,169 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,102,523 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of iShares MSCI Intl Quality Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Breakwater Capital Group lifted its stake in shares of iShares MSCI Intl Quality Factor ETF by 4.1% during the second quarter. Breakwater Capital Group now owns 306,866 shares of the company’s stock valued at $15,205,000 after buying an additional 12,034 shares during the period. Palladiem LLC purchased a new position in shares of iShares MSCI Intl Quality Factor ETF during the 4th quarter worth $5,511,000. Glen Eagle Advisors LLC lifted its stake in shares of iShares MSCI Intl Quality Factor ETF by 39,812.4% during the 1st quarter. Glen Eagle Advisors LLC now owns 144,882 shares of the company’s stock worth $6,698,000 after purchasing an additional 144,519 shares during the period. Integrity Wealth Partners LLC acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the first quarter worth $1,237,000. Finally, Ruggiero Investments Inc. acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF during the fourth quarter worth $458,000.

iShares MSCI Intl Quality Factor ETF Stock Performance

iShares MSCI Intl Quality Factor ETF stock opened at $50.48 on Friday. iShares MSCI Intl Quality Factor ETF has a fifty-two week low of $43.17 and a fifty-two week high of $52.36. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 18.86 and a beta of 0.83. The stock has a fifty day moving average of $50.69 and a two-hundred day moving average of $49.15.

About iShares MSCI Intl Quality Factor ETF

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.