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

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 354,454 shares, a drop of 42.0% from the June 15th total of 610,977 shares. Based on an average daily volume of 934,770 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in iShares MSCI Intl Value Factor ETF by 7.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 17,200,645 shares of the company’s stock worth $654,485,000 after purchasing an additional 1,148,107 shares during the period. Bank of America Corp DE lifted its stake in shares of iShares MSCI Intl Value Factor ETF by 29.4% during the 1st quarter. Bank of America Corp DE now owns 1,602,510 shares of the company’s stock worth $63,588,000 after buying an additional 364,240 shares during the last quarter. Savvy Advisors Inc. lifted its stake in shares of iShares MSCI Intl Value Factor ETF by 74.3% during the 4th quarter. Savvy Advisors Inc. now owns 1,448,020 shares of the company’s stock worth $55,097,000 after buying an additional 617,396 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares MSCI Intl Value Factor ETF by 38.3% during the 4th quarter. LPL Financial LLC now owns 1,056,980 shares of the company’s stock worth $40,218,000 after buying an additional 292,642 shares during the period. Finally, Focus Partners Wealth grew its stake in iShares MSCI Intl Value Factor ETF by 0.8% in the 4th quarter. Focus Partners Wealth now owns 1,051,577 shares of the company’s stock valued at $40,013,000 after buying an additional 7,918 shares during the last quarter.

iShares MSCI Intl Value Factor ETF Price Performance

NYSEARCA IVLU traded down $0.32 during trading on Thursday, reaching $42.34. 543,188 shares of the company’s stock were exchanged, compared to its average volume of 1,322,449. The business has a 50 day moving average price of $42.37 and a 200-day moving average price of $41.15. The stock has a market capitalization of $4.30 billion, a P/E ratio of 10.99 and a beta of 0.62. iShares MSCI Intl Value Factor ETF has a fifty-two week low of $32.53 and a fifty-two week high of $43.40.

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.