iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Sees Significant Decline in Short Interest

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 568,993 shares, a decline of 51.7% from the October 15th total of 1,177,172 shares. Based on an average daily trading volume, of 1,239,489 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are sold short.

iShares MSCI Intl Value Factor ETF Stock Performance

NYSEARCA IVLU traded up $0.11 during trading hours on Friday, reaching $42.92. The company’s stock had a trading volume of 1,088,686 shares, compared to its average volume of 1,216,095. The stock has a market cap of $4.60 billion, a PE ratio of 12.75 and a beta of 0.65. iShares MSCI Intl Value Factor ETF has a fifty-two week low of $35.31 and a fifty-two week high of $45.09. The company’s 50-day moving average is $43.02 and its two-hundred day moving average is $42.29.

Hedge Funds Weigh In On iShares MSCI Intl Value Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of iShares MSCI Intl Value Factor ETF by 29.4% during the 1st quarter. Bank of America Corp DE now owns 1,602,510 shares of the company’s stock worth $63,588,000 after purchasing an additional 364,240 shares in the last quarter. Invenio Wealth Partners LLC raised its position in shares of iShares MSCI Intl Value Factor ETF by 0.4% during the 3rd quarter. Invenio Wealth Partners LLC now owns 585,313 shares of the company’s stock worth $25,104,000 after purchasing an additional 2,510 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of iShares MSCI Intl Value Factor ETF during the 3rd quarter worth approximately $19,034,000. Integrated Wealth Concepts LLC lifted its stake in iShares MSCI Intl Value Factor ETF by 1.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 419,033 shares of the company’s stock valued at $17,524,000 after buying an additional 4,441 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in iShares MSCI Intl Value Factor ETF by 256.2% in the 1st quarter. Royal Bank of Canada now owns 409,362 shares of the company’s stock valued at $16,243,000 after buying an additional 294,422 shares in the last quarter.

iShares MSCI Intl Value Factor ETF Company Profile

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.