iShares MSCI Emerging Markets Quality Factor ETF (BATS:EQLT) Sees Large Decrease in Short Interest

iShares MSCI Emerging Markets Quality Factor ETF (BATS:EQLT) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 9,953 shares, a drop of 52.4% from the April 30th total of 20,897 shares. Based on an average trading volume of 5,419 shares, the days-to-cover ratio is presently 1.8 days. Currently, 3.1% of the company’s stock are short sold.

iShares MSCI Emerging Markets Quality Factor ETF Stock Performance

Shares of BATS EQLT opened at $40.53 on Tuesday. iShares MSCI Emerging Markets Quality Factor ETF has a fifty-two week low of $25.51 and a fifty-two week high of $40.57. The stock has a market cap of $12.97 million and a price-to-earnings ratio of 15.52. The firm’s 50-day simple moving average is $35.98 and its 200 day simple moving average is $33.28.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Quality Factor ETF

A hedge fund recently bought a new stake in iShares MSCI Emerging Markets Quality Factor ETF stock. Flow Traders U.S. LLC bought a new position in shares of iShares MSCI Emerging Markets Quality Factor ETF (BATS:EQLT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,577 shares of the company’s stock, valued at approximately $224,000. Flow Traders U.S. LLC owned approximately 2.37% of iShares MSCI Emerging Markets Quality Factor ETF as of its most recent SEC filing.

About iShares MSCI Emerging Markets Quality Factor ETF

The iShares MSCI Emerging Markets Quality Factor ETF (EQLT) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap stocks from emerging markets selected for their high quality scores. The portfolio is market cap-weighted, with tilts based on the quality scores derived from fundamental factors. EQLT was launched on Sep 4, 2024 and is issued by BlackRock.