iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Shares Shorted: Short Interest Up 108.4% in October

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,177,172 shares, an increase of 108.4% from the September 30th total of 564,754 shares. Based on an average trading volume of 1,527,784 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.1% of the shares of the stock are short sold.

iShares MSCI Intl Value Factor ETF Stock Down 1.1%

Shares of NYSEARCA IVLU traded down $0.47 during midday trading on Friday, reaching $42.17. 1,474,196 shares of the company’s stock traded hands, compared to its average volume of 1,210,115. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 10.99 and a beta of 0.63. iShares MSCI Intl Value Factor ETF has a one year low of $35.31 and a one year high of $45.09. The stock’s 50 day simple moving average is $43.37 and its 200-day simple moving average is $42.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its stake in iShares MSCI Intl Value Factor ETF by 2.3% in the second quarter. Valeo Financial Advisors LLC now owns 10,425 shares of the company’s stock valued at $436,000 after buying an additional 239 shares during the period. G&S Capital LLC increased its stake in shares of iShares MSCI Intl Value Factor ETF by 1.2% in the second quarter. G&S Capital LLC now owns 29,364 shares of the company’s stock valued at $1,228,000 after buying an additional 334 shares during the period. Cyndeo Wealth Partners LLC raised its position in shares of iShares MSCI Intl Value Factor ETF by 4.3% during the third quarter. Cyndeo Wealth Partners LLC now owns 9,456 shares of the company’s stock worth $406,000 after acquiring an additional 392 shares during the last quarter. Good Harbor Advisors Inc. lifted its stake in shares of iShares MSCI Intl Value Factor ETF by 0.3% in the 1st quarter. Good Harbor Advisors Inc. now owns 163,109 shares of the company’s stock valued at $6,472,000 after purchasing an additional 409 shares during the period. Finally, Root Financial Partners LLC boosted its position in shares of iShares MSCI Intl Value Factor ETF by 98.9% during the 1st quarter. Root Financial Partners LLC now owns 893 shares of the company’s stock worth $35,000 after purchasing an additional 444 shares in the last quarter.

About iShares MSCI Intl Value Factor ETF

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.