iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Sees Large Drop in Short Interest

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 84,559 shares, a drop of 51.3% from the April 30th total of 173,480 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 83,629 shares, the short-interest ratio is currently 1.0 days.

iShares MSCI Global Min Vol Factor ETF Price Performance

Shares of ACWV stock opened at $122.19 on Tuesday. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 18.66 and a beta of 0.57. iShares MSCI Global Min Vol Factor ETF has a one year low of $115.80 and a one year high of $125.28. The company’s fifty day moving average price is $120.63 and its 200-day moving average price is $120.72.

Institutional Trading of iShares MSCI Global Min Vol Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cox Capital Mgt LLC increased its holdings in iShares MSCI Global Min Vol Factor ETF by 3.1% in the 4th quarter. Cox Capital Mgt LLC now owns 3,665 shares of the company’s stock valued at $438,000 after acquiring an additional 109 shares during the last quarter. Vantage Financial Partners LLC increased its holdings in iShares MSCI Global Min Vol Factor ETF by 0.8% in the 4th quarter. Vantage Financial Partners LLC now owns 15,792 shares of the company’s stock valued at $1,875,000 after acquiring an additional 120 shares during the last quarter. NewEdge Advisors LLC increased its holdings in iShares MSCI Global Min Vol Factor ETF by 0.6% in the 3rd quarter. NewEdge Advisors LLC now owns 28,874 shares of the company’s stock valued at $3,463,000 after acquiring an additional 181 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in iShares MSCI Global Min Vol Factor ETF by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,838 shares of the company’s stock valued at $1,287,000 after acquiring an additional 231 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in iShares MSCI Global Min Vol Factor ETF in the 4th quarter valued at $46,000.

iShares MSCI Global Min Vol Factor ETF Company Profile

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.