iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Sees Significant Growth in Short Interest
by Doug Wharley · The Cerbat GemiShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU – Get Free Report) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,315,187 shares, an increase of 285.0% from the January 15th total of 341,635 shares. Based on an average daily volume of 1,430,701 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.5% of the company’s shares are short sold. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 1,430,701 shares, the days-to-cover ratio is presently 0.9 days.
iShares MSCI Intl Value Factor ETF Trading Down 0.2%
Shares of IVLU traded down $0.10 during trading hours on Friday, reaching $42.44. 2,021,055 shares of the company traded hands, compared to its average volume of 1,626,078. The stock’s fifty day moving average price is $39.42 and its 200 day moving average price is $36.88. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 10.99 and a beta of 0.71. iShares MSCI Intl Value Factor ETF has a 12-month low of $26.41 and a 12-month high of $42.98.
Hedge Funds Weigh In On iShares MSCI Intl Value Factor ETF
A number of hedge funds have recently added to or reduced their stakes in IVLU. Bell Investment Advisors Inc raised its holdings in shares of iShares MSCI Intl Value Factor ETF by 25.1% in the second quarter. Bell Investment Advisors Inc now owns 63,634 shares of the company’s stock worth $2,093,000 after buying an additional 12,754 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of iShares MSCI Intl Value Factor ETF during the second quarter valued at $617,000. Vise Technologies Inc. acquired a new position in shares of iShares MSCI Intl Value Factor ETF in the 2nd quarter valued at $1,776,000. Invenio Wealth Partners LLC purchased a new position in iShares MSCI Intl Value Factor ETF in the 2nd quarter worth $553,000. Finally, ShoreHaven Wealth Partners LLC lifted its position in iShares MSCI Intl Value Factor ETF by 0.3% during the 2nd quarter. ShoreHaven Wealth Partners LLC now owns 134,637 shares of the company’s stock worth $4,428,000 after acquiring an additional 409 shares during the period.
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.