iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Sees Large Increase in Short Interest

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 324,753 shares, a growth of 606.8% from the October 15th total of 45,946 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 458,405 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of iShares MSCI EAFE Min Vol Factor ETF

A number of hedge funds have recently made changes to their positions in EFAV. Wharton Business Group LLC purchased a new position in shares of iShares MSCI EAFE Min Vol Factor ETF in the third quarter valued at $149,308,000. Commonwealth Equity Services LLC acquired a new stake in iShares MSCI EAFE Min Vol Factor ETF during the 3rd quarter valued at $26,802,000. Brookstone Capital Management acquired a new stake in iShares MSCI EAFE Min Vol Factor ETF during the 3rd quarter valued at $18,230,000. ProVise Management Group LLC acquired a new stake in iShares MSCI EAFE Min Vol Factor ETF during the 3rd quarter valued at $17,119,000. Finally, Ledyard National Bank purchased a new stake in iShares MSCI EAFE Min Vol Factor ETF during the 3rd quarter worth $14,435,000.

iShares MSCI EAFE Min Vol Factor ETF Stock Up 0.3%

BATS EFAV opened at $96.31 on Friday. The stock has a market cap of $5.59 billion, a PE ratio of 16.81 and a beta of 0.47. iShares MSCI EAFE Min Vol Factor ETF has a fifty-two week low of $83.85 and a fifty-two week high of $98.07. The business has a 50 day moving average price of $93.95 and a two-hundred day moving average price of $92.02.

iShares MSCI EAFE Min Vol Factor ETF Company Profile

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.