iShares Global Equity Factor ETF (NYSEARCA:GLOF) Short Interest Update
by Kim Johansen · The Markets DailyiShares Global Equity Factor ETF (NYSEARCA:GLOF – Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 14,304 shares, a decrease of 50.5% from the April 30th total of 28,871 shares. Based on an average daily volume of 16,121 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in GLOF. Empowered Funds LLC purchased a new position in shares of iShares Global Equity Factor ETF in the 1st quarter worth $8,658,000. Bank of America Corp DE raised its position in shares of iShares Global Equity Factor ETF by 6,838.2% in the 2nd quarter. Bank of America Corp DE now owns 57,865 shares of the company’s stock worth $2,789,000 after buying an additional 57,031 shares during the period. Darwin Wealth Management LLC acquired a new stake in iShares Global Equity Factor ETF in the 2nd quarter valued at $1,746,000. Axxcess Wealth Management LLC acquired a new stake in iShares Global Equity Factor ETF in the 4th quarter valued at $1,757,000. Finally, Waverly Advisors LLC increased its holdings in iShares Global Equity Factor ETF by 12.1% in the 1st quarter. Waverly Advisors LLC now owns 257,783 shares of the company’s stock valued at $13,436,000 after purchasing an additional 27,743 shares in the last quarter.
iShares Global Equity Factor ETF Trading Down 0.7%
Shares of iShares Global Equity Factor ETF stock traded down $0.43 during trading hours on Wednesday, reaching $59.78. 8,118 shares of the company’s stock were exchanged, compared to its average volume of 17,611. The firm has a market capitalization of $206.24 million, a price-to-earnings ratio of 17.48 and a beta of 0.91. The company has a fifty day moving average of $56.01 and a 200-day moving average of $54.37. iShares Global Equity Factor ETF has a 52-week low of $46.20 and a 52-week high of $60.31.
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.