iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Sees Significant Growth in Short Interest

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 51,311 shares, a growth of 182.5% from the August 31st total of 18,166 shares. Based on an average daily trading volume, of 428,414 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

iShares MSCI EAFE Min Vol Factor ETF Stock Performance

Shares of EFAV stock opened at $92.84 on Monday. The stock’s 50 day simple moving average is $93.32 and its 200 day simple moving average is $91.46. iShares MSCI EAFE Min Vol Factor ETF has a twelve month low of $83.51 and a twelve month high of $95.34. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57.

Hedge Funds Weigh In On iShares MSCI EAFE Min Vol Factor ETF

A number of institutional investors have recently modified their holdings of EFAV. Summit Financial LLC raised its holdings in iShares MSCI EAFE Min Vol Factor ETF by 2.7% in the 4th quarter. Summit Financial LLC now owns 371,659 shares of the company’s stock worth $32,056,000 after acquiring an additional 9,749 shares during the period. Cetera Investment Advisers increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 2.5% in the first quarter. Cetera Investment Advisers now owns 356,879 shares of the company’s stock worth $32,608,000 after purchasing an additional 8,781 shares during the period. Vestcor Inc increased its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 452.1% in the fourth quarter. Vestcor Inc now owns 230,175 shares of the company’s stock worth $19,853,000 after purchasing an additional 188,483 shares during the period. Brookstone Capital Management lifted its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 3.4% during the 1st quarter. Brookstone Capital Management now owns 225,983 shares of the company’s stock worth $20,648,000 after purchasing an additional 7,436 shares during the last quarter. Finally, Armbruster Capital Management Inc. lifted its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.0% during the 1st quarter. Armbruster Capital Management Inc. now owns 221,426 shares of the company’s stock worth $20,232,000 after purchasing an additional 2,133 shares during the last quarter.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.