iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Significant Increase in Short Interest

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,206,169 shares, a growth of 58.3% from the July 30th total of 1,393,615 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 1,169,181 shares, the short-interest ratio is currently 1.9 days.

iShares MSCI Intl Quality Factor ETF Stock Up 0.5%

Shares of NYSEARCA:IQLT opened at $51.09 on Thursday. iShares MSCI Intl Quality Factor ETF has a 52-week low of $42.71 and a 52-week high of $52.36. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 18.86 and a beta of 0.82. The business has a 50-day moving average price of $50.44 and a 200-day moving average price of $49.04.

Hedge Funds Weigh In On iShares MSCI Intl Quality Factor ETF

A number of institutional investors have recently bought and sold shares of IQLT. M&T Bank Corp acquired a new position in iShares MSCI Intl Quality Factor ETF during the fourth quarter worth $547,000. Palladiem LLC acquired a new stake in shares of iShares MSCI Intl Quality Factor ETF in the fourth quarter valued at about $5,511,000. Breakwater Capital Group increased its stake in shares of iShares MSCI Intl Quality Factor ETF by 4.1% during the second quarter. Breakwater Capital Group now owns 306,866 shares of the company’s stock worth $15,205,000 after purchasing an additional 12,034 shares in the last quarter. Ruggiero Investments Inc. purchased a new stake in shares of iShares MSCI Intl Quality Factor ETF during the fourth quarter worth about $458,000. Finally, Integrity Wealth Partners LLC acquired a new position in shares of iShares MSCI Intl Quality Factor ETF during the 1st quarter worth about $1,237,000.

iShares MSCI Intl Quality Factor ETF Company Profile

The iShares MSCI Intl Quality Factor ETF (IQLT) is an exchange-traded fund that is based on the World ex USA Sector Neutral Quality index. The fund tracks an index of large- and mid-cap stocks in developed countries, outside of the US. The index is selected and weighted for exposure to fundamental quality metrics. IQLT was launched on Jan 13, 2015 and is managed by BlackRock.