iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Large Decrease in Short Interest

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) saw a significant decline in short interest in 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. Based on an average daily trading volume, of 5,399,132 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 5,399,132 shares, the days-to-cover ratio is currently 0.0 days.

iShares MSCI Intl Quality Factor ETF Price Performance

IQLT traded up $0.30 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. The stock has a fifty day simple moving average of $46.65 and a 200-day simple moving average of $44.89. The firm has a market capitalization of $13.27 billion, a P/E ratio of 18.86 and a beta of 0.89. iShares MSCI Intl Quality Factor ETF has a 52-week low of $35.51 and a 52-week high of $49.07.

Institutional Investors Weigh In On iShares MSCI Intl Quality Factor ETF

Several hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its holdings in shares of iShares MSCI Intl Quality Factor ETF by 0.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 48,517 shares of the company’s stock valued at $2,302,000 after purchasing an additional 224 shares during the last quarter. Purkiss Capital Advisors LLC increased its position in iShares MSCI Intl Quality Factor ETF by 0.6% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 40,533 shares of the company’s stock valued at $1,791,000 after buying an additional 229 shares in the last quarter. IRON Financial LLC raised its stake in iShares MSCI Intl Quality Factor ETF by 1.3% during the third quarter. IRON Financial LLC now owns 18,118 shares of the company’s stock valued at $801,000 after buying an additional 233 shares during the last quarter. Cherry Tree Wealth Management LLC boosted its holdings in iShares MSCI Intl Quality Factor ETF by 5.3% in the third quarter. Cherry Tree Wealth Management LLC now owns 4,657 shares of the company’s stock worth $206,000 after acquiring an additional 233 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of iShares MSCI Intl Quality Factor ETF by 2.2% in the third quarter. Assetmark Inc. now owns 10,694 shares of the company’s stock worth $473,000 after acquiring an additional 235 shares during the last quarter.

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.