iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) Sees Large Drop in Short Interest

iShares MSCI Intl Quality Factor ETF (NYSEARCA:IQLT) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 809,115 shares, a drop of 73.1% from the June 15th total of 3,013,117 shares. Based on an average trading volume of 1,602,401 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. JFS Wealth Advisors LLC lifted its holdings in iShares MSCI Intl Quality Factor ETF by 19.0% in the second quarter. JFS Wealth Advisors LLC now owns 2,321 shares of the company’s stock worth $115,000 after purchasing an additional 371 shares during the period. Warner Financial Inc. increased its stake in iShares MSCI Intl Quality Factor ETF by 1.9% during the 2nd quarter. Warner Financial Inc. now owns 95,167 shares of the company’s stock valued at $4,716,000 after buying an additional 1,816 shares during the period. World Equity Group Inc. raised its position in shares of iShares MSCI Intl Quality Factor ETF by 6.1% during the 2nd quarter. World Equity Group Inc. now owns 7,249 shares of the company’s stock worth $359,000 after buying an additional 418 shares in the last quarter. Professional Financial Advisors LLC raised its position in shares of iShares MSCI Intl Quality Factor ETF by 0.9% during the 2nd quarter. Professional Financial Advisors LLC now owns 63,878 shares of the company’s stock worth $3,165,000 after buying an additional 580 shares in the last quarter. Finally, Sax Wealth Advisors LLC raised its position in shares of iShares MSCI Intl Quality Factor ETF by 2.0% during the 2nd quarter. Sax Wealth Advisors LLC now owns 40,553 shares of the company’s stock worth $1,875,000 after buying an additional 789 shares in the last quarter.

iShares MSCI Intl Quality Factor ETF Stock Up 0.1%

iShares MSCI Intl Quality Factor ETF stock traded up $0.06 during mid-day trading on Friday, hitting $49.56. 1,400,735 shares of the company’s stock traded hands, compared to its average volume of 2,001,724. The firm has a 50 day moving average price of $49.19 and a 200 day moving average price of $48.04. The company has a market cap of $13.65 billion, a PE ratio of 18.86 and a beta of 0.83. iShares MSCI Intl Quality Factor ETF has a one year low of $41.20 and a one year high of $50.08.

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.