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

iShares Global Equity Factor ETF (NYSEARCA:GLOF) saw 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. Based on an average daily volume of 16,121 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of iShares Global Equity Factor ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Modern Wealth Management LLC raised its position in iShares Global Equity Factor ETF by 1.5% in the second quarter. Modern Wealth Management LLC now owns 16,735 shares of the company’s stock worth $807,000 after acquiring an additional 242 shares during the period. Osaic Holdings Inc. raised its position in iShares Global Equity Factor ETF by 12.5% in the fourth quarter. Osaic Holdings Inc. now owns 4,015 shares of the company’s stock worth $212,000 after acquiring an additional 445 shares during the period. Camarda Financial Advisors LLC raised its position in iShares Global Equity Factor ETF by 1.8% in the fourth quarter. Camarda Financial Advisors LLC now owns 39,824 shares of the company’s stock worth $2,102,000 after acquiring an additional 703 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in iShares Global Equity Factor ETF by 55.1% in the first 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 bought a new stake in iShares Global Equity Factor ETF in the fourth quarter worth about $60,000.

iShares Global Equity Factor ETF Stock Performance

GLOF stock traded up $0.41 during mid-day trading on Monday, hitting $60.11. The company had a trading volume of 11,666 shares, compared to its average volume of 17,818. The firm has a market cap of $207.38 million, a PE ratio of 17.48 and a beta of 0.91. iShares Global Equity Factor ETF has a 12 month low of $46.14 and a 12 month high of $60.15. The stock’s fifty day moving average price is $56.01 and its two-hundred day moving average price is $54.37.

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.