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

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 768,139 shares, a drop of 65.2% from the August 15th total of 2,206,169 shares. Based on an average daily trading volume, of 1,102,523 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are short sold.

iShares MSCI Intl Quality Factor ETF Price Performance

IQLT stock opened at $50.48 on Friday. iShares MSCI Intl Quality Factor ETF has a 12 month low of $43.17 and a 12 month high of $52.36. The company has a market capitalization of $13.91 billion, a P/E ratio of 18.86 and a beta of 0.83. The firm’s fifty day simple moving average is $50.69 and its 200-day simple moving average is $49.15.

Institutional Investors Weigh In On iShares MSCI Intl Quality Factor ETF

Several large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in iShares MSCI Intl Quality Factor ETF by 4.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,312,118 shares of the company’s stock worth $2,513,936,000 after purchasing an additional 2,269,023 shares during the period. Bank of America Corp DE lifted its position in iShares MSCI Intl Quality Factor ETF by 19.6% during the 2nd 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 period. Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI Intl Quality Factor ETF by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 9,301,323 shares of the company’s stock valued at $402,190,000 after purchasing an additional 1,107,638 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of iShares MSCI Intl Quality Factor ETF by 6.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,839,909 shares of the company’s stock worth $316,209,000 after purchasing an additional 395,337 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 5,764,397 shares of the company’s stock worth $261,992,000 after purchasing an additional 269,865 shares during the period.

iShares MSCI Intl Quality Factor ETF Company Profile

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.