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

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 341,635 shares, a drop of 45.3% from the December 31st total of 624,499 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,212,529 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 1,212,529 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

iShares MSCI Intl Value Factor ETF Stock Down 0.8%

NYSEARCA IVLU traded down $0.32 during trading hours on Friday, reaching $40.50. The company’s stock had a trading volume of 1,657,170 shares, compared to its average volume of 1,321,548. iShares MSCI Intl Value Factor ETF has a 1 year low of $26.41 and a 1 year high of $41.02. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 10.99 and a beta of 0.71. The firm’s 50-day moving average price is $38.47 and its 200-day moving average price is $36.30.

Hedge Funds Weigh In On iShares MSCI Intl Value Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthfront Advisers LLC boosted its stake in shares of iShares MSCI Intl Value Factor ETF by 2.0% during the 3rd quarter. Wealthfront Advisers LLC now owns 15,859 shares of the company’s stock worth $563,000 after purchasing an additional 314 shares during the period. Simplicity Wealth LLC increased its holdings in iShares MSCI Intl Value Factor ETF by 1.7% during the second quarter. Simplicity Wealth LLC now owns 19,498 shares of the company’s stock valued at $641,000 after buying an additional 323 shares during the period. Savant Capital LLC boosted its holdings in shares of iShares MSCI Intl Value Factor ETF by 2.5% in the 2nd quarter. Savant Capital LLC now owns 14,536 shares of the company’s stock valued at $478,000 after buying an additional 354 shares in the last quarter. Sutton Place Investors LLC increased its stake in iShares MSCI Intl Value Factor ETF by 5.0% during the 2nd quarter. Sutton Place Investors LLC now owns 7,423 shares of the company’s stock valued at $244,000 after purchasing an additional 355 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in iShares MSCI Intl Value Factor ETF by 21.4% during the 3rd quarter. AE Wealth Management LLC now owns 2,098 shares of the company’s stock worth $74,000 after acquiring an additional 370 shares during the period.

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.