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

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 271,487 shares, a drop of 58.6% from the December 15th total of 655,271 shares. Based on an average daily volume of 1,974,057 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,974,057 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in iShares MSCI Intl Quality Factor ETF by 1,299.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,858,904 shares of the company’s stock valued at $1,463,382,000 after buying an additional 31,439,365 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares MSCI Intl Quality Factor ETF by 19.6% in the second quarter. Bank of America Corp DE now owns 24,974,867 shares of the company’s stock worth $1,079,414,000 after acquiring an additional 4,094,153 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of iShares MSCI Intl Quality Factor ETF by 84.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,444,572 shares of the company’s stock valued at $292,906,000 after acquiring an additional 2,956,717 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI Intl Quality Factor ETF by 33.1% in the second quarter. JPMorgan Chase & Co. now owns 7,008,860 shares of the company’s stock valued at $302,923,000 after acquiring an additional 1,741,531 shares in the last quarter. Finally, Richard Bernstein Advisors LLC boosted its stake in shares of iShares MSCI Intl Quality Factor ETF by 15.3% during the third quarter. Richard Bernstein Advisors LLC now owns 10,533,655 shares of the company’s stock valued at $467,375,000 after acquiring an additional 1,399,534 shares during the last quarter.

iShares MSCI Intl Quality Factor ETF Price Performance

IQLT traded up $0.18 during trading on Friday, reaching $47.25. 1,112,957 shares of the stock were exchanged, compared to its average volume of 1,261,460. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89. iShares MSCI Intl Quality Factor ETF has a 1 year low of $35.51 and a 1 year high of $47.27. The business’s 50 day moving average price is $45.29 and its two-hundred day moving average price is $44.18.

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.