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

iShares Global Equity Factor ETF (NYSEARCA:GLOF) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,206 shares, a drop of 37.8% from the July 15th total of 8,371 shares. Based on an average daily trading volume, of 25,412 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

iShares Global Equity Factor ETF Price Performance

Shares of NYSEARCA GLOF traded up $0.36 during trading on Wednesday, reaching $61.02. 10,521 shares of the stock traded hands, compared to its average volume of 19,114. iShares Global Equity Factor ETF has a 52-week low of $49.33 and a 52-week high of $61.78. The company has a 50-day moving average of $59.24 and a 200-day moving average of $56.85. The stock has a market capitalization of $222.72 million, a P/E ratio of 17.48 and a beta of 0.91.

Hedge Funds Weigh In On iShares Global Equity Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Modern Wealth Management LLC increased its position in shares of iShares Global Equity Factor ETF by 1.5% during the second quarter. Modern Wealth Management LLC now owns 16,735 shares of the company’s stock valued at $807,000 after buying an additional 242 shares during the period. Osaic Holdings Inc. grew its stake in iShares Global Equity Factor ETF by 12.5% during the fourth quarter. Osaic Holdings Inc. now owns 4,015 shares of the company’s stock valued at $212,000 after acquiring an additional 445 shares in the last quarter. Camarda Financial Advisors LLC grew its stake in iShares Global Equity Factor ETF by 1.8% during the fourth quarter. Camarda Financial Advisors LLC now owns 39,824 shares of the company’s stock valued at $2,102,000 after acquiring an additional 703 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in iShares Global Equity Factor ETF by 55.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,340 shares of the company’s stock worth $124,000 after acquiring an additional 831 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new stake in iShares Global Equity Factor ETF in the 4th quarter worth approximately $60,000.

iShares Global Equity Factor ETF Company Profile

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.