iShares Global Equity Factor ETF (NYSEARCA:GLOF) Sees Significant Growth in Short Interest

iShares Global Equity Factor ETF (NYSEARCA:GLOF) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 49,913 shares, an increase of 824.8% from the September 15th total of 5,397 shares. Based on an average trading volume of 25,219 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.5% of the company’s shares are short sold.

iShares Global Equity Factor ETF Price Performance

Shares of iShares Global Equity Factor ETF stock traded up $0.43 during trading on Friday, hitting $61.41. The stock had a trading volume of 22,111 shares, compared to its average volume of 19,706. The firm’s fifty day simple moving average is $61.03 and its 200-day simple moving average is $58.69. The stock has a market cap of $202.65 million, a PE ratio of 17.48 and a beta of 0.91. iShares Global Equity Factor ETF has a 12 month low of $50.37 and a 12 month high of $61.94.

Institutional Trading of iShares Global Equity Factor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLOF. Waverly Advisors LLC lifted its stake in iShares Global Equity Factor ETF by 12.1% in the first quarter. Waverly Advisors LLC now owns 257,783 shares of the company’s stock worth $13,436,000 after purchasing an additional 27,743 shares during the last quarter. Empowered Funds LLC bought a new position in shares of iShares Global Equity Factor ETF during the first quarter valued at approximately $8,658,000. Hsbc Holdings PLC grew its stake in shares of iShares Global Equity Factor ETF by 79.1% during 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 last quarter. Citadel Advisors LLC bought a new position in shares of iShares Global Equity Factor ETF during the second quarter valued at approximately $1,715,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of iShares Global Equity Factor ETF during the first quarter valued at approximately $443,000.

iShares Global Equity Factor ETF Company Profile

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.