iShares Global Equity Factor ETF (NYSEARCA:GLOF) Short Interest Down 37.8% in July

iShares Global Equity Factor ETF (NYSEARCA:GLOF) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 5,206 shares, a decline of 37.8% from the July 15th total of 8,371 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 25,412 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Waverly Advisors LLC lifted its stake 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 during the last quarter. Empowered Funds LLC acquired a new position in iShares Global Equity Factor ETF during the first quarter worth approximately $8,658,000. Ignite Planners LLC increased its position in iShares Global Equity Factor ETF by 35.1% during the fourth quarter. Ignite Planners LLC now owns 82,038 shares of the company’s stock worth $4,452,000 after buying an additional 21,333 shares during the last quarter. Bank of America Corp DE raised its stake in iShares Global Equity Factor ETF by 6,838.2% in the second quarter. Bank of America Corp DE now owns 57,865 shares of the company’s stock valued at $2,789,000 after buying an additional 57,031 shares during the period. Finally, Hsbc Holdings PLC raised its stake in iShares Global Equity Factor ETF by 79.1% in the first quarter. Hsbc Holdings PLC now owns 46,551 shares of the company’s stock valued at $2,426,000 after buying an additional 20,560 shares during the period.

iShares Global Equity Factor ETF Stock Down 1.2%

Shares of NYSEARCA GLOF traded down $0.74 during trading hours on Tuesday, hitting $60.66. The company had a trading volume of 243,357 shares, compared to its average volume of 19,207. iShares Global Equity Factor ETF has a 1-year low of $49.33 and a 1-year high of $61.78. The firm’s 50 day moving average is $59.20 and its 200-day moving average is $56.81. The stock has a market capitalization of $221.41 million, a P/E ratio of 17.48 and a beta of 0.91.

About iShares Global Equity Factor ETF

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.