iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Sees Large Growth in Short Interest

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 677,785 shares, an increase of 87.2% from the March 31st total of 361,995 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 1,257,396 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC boosted its position in shares of iShares MSCI Intl Value Factor ETF by 98.9% during the 1st quarter. Root Financial Partners LLC now owns 893 shares of the company’s stock worth $35,000 after acquiring an additional 444 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of iShares MSCI Intl Value Factor ETF by 53.2% during the 4th quarter. Rothschild Investment LLC now owns 1,195 shares of the company’s stock worth $45,000 after acquiring an additional 415 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of iShares MSCI Intl Value Factor ETF during the 3rd quarter worth about $56,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI Intl Value Factor ETF during the 4th quarter worth about $61,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of iShares MSCI Intl Value Factor ETF during the 3rd quarter worth about $58,000.

iShares MSCI Intl Value Factor ETF Stock Performance

NYSEARCA:IVLU opened at $40.92 on Monday. The stock has a 50-day simple moving average of $40.74 and a 200-day simple moving average of $38.94. The stock has a market cap of $3.92 billion, a P/E ratio of 10.99 and a beta of 0.62. iShares MSCI Intl Value Factor ETF has a 1 year low of $30.78 and a 1 year high of $43.06.

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.