iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Sees Large Drop in Short Interest

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 245,834 shares, a drop of 63.7% from the April 15th total of 677,785 shares. Based on an average trading volume of 796,547 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

iShares MSCI Intl Value Factor ETF Stock Performance

Shares of NYSEARCA:IVLU traded down $0.76 during midday trading on Friday, hitting $41.94. 894,310 shares of the stock were exchanged, compared to its average volume of 1,512,316. iShares MSCI Intl Value Factor ETF has a 52-week low of $31.60 and a 52-week high of $43.06. The business’s fifty day simple moving average is $40.62 and its two-hundred day simple moving average is $39.50. The company has a market capitalization of $4.03 billion, a PE ratio of 10.99 and a beta of 0.61.

Hedge Funds Weigh In On iShares MSCI Intl Value Factor ETF

Institutional investors have recently bought and sold shares of the stock. Legacy Wealth Managment LLC ID raised its holdings in iShares MSCI Intl Value Factor ETF by 1,024.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 877 shares of the company’s stock valued at $35,000 after buying an additional 799 shares in the last quarter. Root Financial Partners LLC raised its holdings in iShares MSCI Intl Value Factor ETF by 98.9% during the first quarter. Root Financial Partners LLC now owns 893 shares of the company’s stock valued at $35,000 after buying an additional 444 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in iShares MSCI Intl Value Factor ETF during the first quarter valued at about $38,000. Rothschild Investment LLC raised its holdings in iShares MSCI Intl Value Factor ETF by 53.2% during the fourth quarter. Rothschild Investment LLC now owns 1,195 shares of the company’s stock valued at $45,000 after buying an additional 415 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in iShares MSCI Intl Value Factor ETF during the third quarter valued at about $56,000.

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.