iShares International Equity Factor ETF (NYSEARCA:INTF) Sees Significant Decrease in Short Interest

iShares International Equity Factor ETF (NYSEARCA:INTF) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 257,308 shares, a drop of 46.2% from the July 30th total of 478,172 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 183,395 shares, the short-interest ratio is currently 1.4 days.

iShares International Equity Factor ETF Trading Down 0.6%

Shares of NYSEARCA:INTF traded down $0.25 during trading on Tuesday, hitting $42.64. 268,392 shares of the company’s stock were exchanged, compared to its average volume of 267,680. iShares International Equity Factor ETF has a 1-year low of $34.79 and a 1-year high of $43.41. The firm has a 50-day moving average price of $41.92 and a two-hundred day moving average price of $41.04. The firm has a market cap of $3.68 billion, a P/E ratio of 14.00 and a beta of 0.74.

Hedge Funds Weigh In On iShares International Equity Factor ETF

A number of hedge funds have recently bought and sold shares of INTF. Russell Investments Group Ltd. bought a new stake in shares of iShares International Equity Factor ETF during the second quarter worth $28,000. Legacy Wealth Managment LLC ID grew its stake in iShares International Equity Factor ETF by 1,981.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 791 shares of the company’s stock worth $31,000 after purchasing an additional 753 shares during the period. Johnson Financial Group Inc. acquired a new stake in iShares International Equity Factor ETF in the first quarter worth $32,000. Arax Advisory Partners acquired a new stake in iShares International Equity Factor ETF in the fourth quarter valued at approximately $34,000. Finally, IFP Advisors Inc raised its position in shares of iShares International Equity Factor ETF by 39.9% during the fourth quarter. IFP Advisors Inc now owns 2,561 shares of the company’s stock worth $97,000 after purchasing an additional 730 shares during the period.

iShares International Equity Factor ETF Company Profile

The iShares International Equity Factor ETF (INTF) is an exchange-traded fund that is based on the STOXX International Equity Factor index. The fund tracks an index of large- and mid-cap equities in developed markets outside the US. Stocks are selected and weighted to maximize exposure to five factors: momentum, quality, value, low volatility, and size. INTF was launched on Apr 28, 2015 and is managed by BlackRock.