Short Interest in iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Declines By 47.4%

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 365,490 shares, a decline of 47.4% from the May 14th total of 695,493 shares. Based on an average daily volume of 864,036 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

iShares MSCI Intl Value Factor ETF Price Performance

Shares of NYSEARCA:IVLU traded up $0.24 during trading hours on Friday, hitting $42.98. The company’s stock had a trading volume of 813,405 shares, compared to its average volume of 1,417,375. iShares MSCI Intl Value Factor ETF has a 52 week low of $31.60 and a 52 week high of $43.40. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 10.99 and a beta of 0.61. The firm’s fifty day moving average price is $41.95 and its 200 day moving average price is $40.39.

Institutional Investors Weigh In On iShares MSCI Intl Value Factor ETF

Several large investors have recently modified their holdings of IVLU. Brighton Jones LLC bought a new position in shares of iShares MSCI Intl Value Factor ETF during the 4th quarter worth approximately $454,000. Royal Bank of Canada raised its stake in shares of iShares MSCI Intl Value Factor ETF by 45.1% during the 1st quarter. Royal Bank of Canada now owns 150,433 shares of the company’s stock worth $4,560,000 after acquiring an additional 46,755 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of iShares MSCI Intl Value Factor ETF during the 1st quarter worth approximately $473,000. Goldman Sachs Group Inc. raised its stake in shares of iShares MSCI Intl Value Factor ETF by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 242,315 shares of the company’s stock worth $7,345,000 after acquiring an additional 8,276 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of iShares MSCI Intl Value Factor ETF by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 153,148 shares of the company’s stock worth $5,037,000 after acquiring an additional 46,555 shares in the last quarter.

iShares MSCI Intl Value Factor ETF Company Profile

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.