Short Interest in iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Drops By 42.0%

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 43,282 shares, a decline of 42.0% from the January 15th total of 74,624 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,399,132 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 5,399,132 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

Institutional investors have recently modified their holdings of the stock. Arete Wealth Advisors LLC increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 2.3% in the 4th quarter. Arete Wealth Advisors LLC now owns 26,657 shares of the company’s stock valued at $1,212,000 after acquiring an additional 603 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in iShares MSCI Intl Quality Factor ETF during the fourth quarter valued at approximately $352,000. Kestra Advisory Services LLC increased its stake in iShares MSCI Intl Quality Factor ETF by 31.9% in the fourth quarter. Kestra Advisory Services LLC now owns 101,321 shares of the company’s stock valued at $4,605,000 after purchasing an additional 24,522 shares in the last quarter. Fortis Capital Management LLC acquired a new stake in iShares MSCI Intl Quality Factor ETF in the fourth quarter worth $625,000. Finally, AlTi Global Inc. raised its holdings in iShares MSCI Intl Quality Factor ETF by 4.1% in the fourth quarter. AlTi Global Inc. now owns 240,641 shares of the company’s stock worth $10,937,000 after purchasing an additional 9,465 shares during the period.

iShares MSCI Intl Quality Factor ETF Trading Up 0.6%

Shares of NYSEARCA:IQLT traded up $0.30 during midday trading on Friday, hitting $48.73. The company had a trading volume of 2,366,458 shares, compared to its average volume of 2,967,875. iShares MSCI Intl Quality Factor ETF has a 12 month low of $35.51 and a 12 month high of $49.07. The firm has a fifty day simple moving average of $46.65 and a 200 day simple moving average of $44.87. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 18.86 and a beta of 0.89.

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.