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

iShares Global Equity Factor ETF (NYSEARCA:GLOF) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,371 shares, a decline of 51.2% from the June 30th total of 17,159 shares. Based on an average trading volume of 12,070 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Global Equity Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Elevated Capital Advisors LLC acquired a new stake in iShares Global Equity Factor ETF during the fourth quarter worth about $60,000. Sankala Group LLC acquired a new stake in shares of iShares Global Equity Factor ETF during the 4th quarter worth approximately $64,000. Advisory Services Network LLC purchased a new position in shares of iShares Global Equity Factor ETF during the 3rd quarter valued at approximately $71,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of iShares Global Equity Factor ETF by 55.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,340 shares of the company’s stock valued at $124,000 after purchasing an additional 831 shares during the period. Finally, Fifth Third Bancorp purchased a new stake in iShares Global Equity Factor ETF during the first quarter worth $133,000.

iShares Global Equity Factor ETF Stock Performance

Shares of iShares Global Equity Factor ETF stock traded down $0.55 during trading on Wednesday, hitting $57.82. 6,101 shares of the company’s stock were exchanged, compared to its average volume of 17,331. The stock has a market capitalization of $211.04 million, a price-to-earnings ratio of 17.48 and a beta of 0.91. The business has a 50-day simple moving average of $58.82 and a 200-day simple moving average of $56.19. iShares Global Equity Factor ETF has a 52-week low of $48.08 and a 52-week high of $60.31.

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.