iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Sees Significant Increase in Short Interest

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,177,172 shares, a growth of 108.4% from the September 30th total of 564,754 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,527,784 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares MSCI Intl Value Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVLU. Root Financial Partners LLC bought a new position in shares of iShares MSCI Intl Value Factor ETF in the third quarter valued at $25,000. Signaturefd LLC purchased a new position in shares of iShares MSCI Intl Value Factor ETF during the 3rd quarter valued at about $34,000. Legacy Wealth Managment LLC ID boosted its position in iShares MSCI Intl Value Factor ETF by 1,024.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 877 shares of the company’s stock valued at $35,000 after buying an additional 799 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of iShares MSCI Intl Value Factor ETF in the 1st quarter valued at approximately $38,000. Finally, Foresight Capital Management Advisors Inc. purchased a new stake in iShares MSCI Intl Value Factor ETF in the third quarter worth about $59,000.

iShares MSCI Intl Value Factor ETF Stock Down 1.1%

Shares of iShares MSCI Intl Value Factor ETF stock traded down $0.47 on Friday, hitting $42.17. The company’s stock had a trading volume of 1,474,196 shares, compared to its average volume of 1,210,115. The company has a market capitalization of $4.52 billion, a P/E ratio of 10.99 and a beta of 0.63. iShares MSCI Intl Value Factor ETF has a 52-week low of $35.31 and a 52-week high of $45.09. The firm has a fifty day moving average price of $43.37 and a 200-day moving average price of $42.14.

About iShares MSCI Intl Value Factor ETF

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.