iShares Global Equity Factor ETF (NYSEARCA:GLOF) Short Interest Update

iShares Global Equity Factor ETF (NYSEARCA:GLOF) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 14,304 shares, a drop of 50.5% from the April 30th total of 28,871 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 16,121 shares, the short-interest ratio is currently 0.9 days.

iShares Global Equity Factor ETF Price Performance

Shares of GLOF traded up $0.41 during trading hours on Monday, hitting $60.11. The company’s stock had a trading volume of 11,666 shares, compared to its average volume of 17,818. The company has a market cap of $207.38 million, a price-to-earnings ratio of 17.48 and a beta of 0.91. The business has a 50 day simple moving average of $56.01 and a two-hundred day simple moving average of $54.37. iShares Global Equity Factor ETF has a 52-week low of $46.14 and a 52-week high of $60.15.

Hedge Funds Weigh In On iShares Global Equity Factor ETF

Hedge funds have recently bought and sold shares of the company. Waverly Advisors LLC grew its stake in iShares Global Equity Factor ETF by 12.1% in the 1st quarter. Waverly Advisors LLC now owns 257,783 shares of the company’s stock worth $13,436,000 after buying an additional 27,743 shares in the last quarter. Promus Capital LLC increased its position in iShares Global Equity Factor ETF by 7.7% during the 3rd quarter. Promus Capital LLC now owns 248,459 shares of the company’s stock valued at $12,824,000 after purchasing an additional 17,864 shares during the period. Empowered Funds LLC purchased a new position in iShares Global Equity Factor ETF during the 1st quarter valued at $8,658,000. Ignite Planners LLC increased its position in iShares Global Equity Factor ETF by 35.1% during the 4th quarter. Ignite Planners LLC now owns 82,038 shares of the company’s stock valued at $4,452,000 after purchasing an additional 21,333 shares during the period. Finally, Bank of America Corp DE increased its position in iShares Global Equity Factor ETF by 6,838.2% during the 2nd quarter. Bank of America Corp DE now owns 57,865 shares of the company’s stock valued at $2,789,000 after purchasing an additional 57,031 shares during the period.

About iShares Global Equity Factor ETF

The iShares Global Equity Factor ETF (GLOF) is an exchange-traded fund that is based on the STOXX Global Equity Factor index. The fund tracks an index of large- and mid-cap equities from around the world. Stocks are selected and weighted to optimize exposure to five factors: quality, value, momentum, smaller size and low volatility. GLOF was launched on Apr 28, 2015 and is managed by BlackRock.